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YouTubeUpstox
Why IDFC First Bank Rallied 10%: 132% Profit Growth, NIM Improvement | Upstox
📌 IDFC First Bank surged 10% after reporting its highest-ever quarterly profit. Net profit jumped 132% YoY to ₹1,075 crore, NII rose 21%, NIM improved to 5.96%, and Gross NPA fell to 1.51%. The bank also chose not to book a ₹515 crore insurance claim as profit, instead using it as a buffer against future risks—a conservative move that ...
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