SME Times News Bureau | 25 Apr, 2018
Lending major IDFC Bank on Tuesday reported a decline of 76 per cent in
its standalone net profit for the fourth quarter of 2017-18.
According
to a BSE filing, the bank's net profit during the quarter under review
declined to Rs 41.93 crore from Rs 175.95 crore reported for the
corresponding period of the previous fiscal.
On a financial year
basis, it reported that its standalone net profit decreased to Rs 859.30
crore for the year ended March 31, 2018 from Rs 1,019.73 crore for the
previous year.