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IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 Crore, Core Operating Profit up 15% YoY

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Financial results - IDFC FIRST Bank today announced the unaudited financial results for the quarter and nine months ended December 31, 2024. Deposits & Borrowings* Customer Deposits increased 28.8% YOY from Rs.
The article from MSN discusses Idfc First Bank's financial performance for the third quarter of fiscal year 2025. The bank reported a Profit After Tax (PAT) of Rs 339 crore, showcasing a significant improvement in its core operating profit which rose by 15% year-over-year. This growth was driven by a robust increase in net interest income and other income streams. The bank also highlighted improvements in asset quality, with a reduction in gross non-performing assets (NPA) and net NPA ratios. Additionally, the bank's strategic focus on expanding its retail banking operations and digital transformation initiatives contributed to its enhanced financial health and operational efficiency.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/money/other/idfc-first-bank-q3-fy25-pat-at-rs-339-crore-core-operating-profit-up-15-yoy/ar-AA1xUTIx ]