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IDFC First Bank's Q1 profit jumps 132.4% to ₹1,075cr
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The bank's net interest margin (NIM) improved by 25 basis points to 5.96% in Q1 FY27 from 5.71% in the same period last year.
However, the lender did receive claims of ₹514.8 crore under the CGFMU scheme against its MFI portfolio during this period.
On the asset quality front, gross non-performing assets (NPAs) improved to 1.51% as of June-end from 1.97% a year earlier, an improvement of 45 basis points on a year-on-year basis and 10 basis points sequentially.