''IDFC
First Bank has posted strong 168% surge in the net profit to Rs 342.73 crore in
the quarter March 2022. NII grew
by 36% on a YoY basis to reach Rs 2669 crore in Q4FY22. Bank has improved Net Interest Margin improved
to 6.27% in Q4FY22. Fee and Other Income also surged 40% YoY
to reach Rs 841 crore in Q4FY22
Provisions declined 36% YoY basis at Rs 369 crore in Q4FY22, supporting 168% YoY basis surge in net profit to reach
Rs 343 crore in Q4FY22.
Net Interest Income (NII)
grew by 36% YoY to Rs 2669 crore in Q4FY22, up from Rs 1960 crore in Q4FY21. Net
Interest Margin (NIM) (quarterly annualized) improved to 6.27% for Q4FY22 from 5.17% in Q4FY21.
Fee and Other Income
increased strongly by 40% YoY to Rs 841 crore in Q4FY22 from Rs 600 crore in Q4F...
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