IDFC First Bank Rebounds With Net Profit Of Rs 130 Crore In Q3

IDFC First Bank has rebounded with a net profit of Rs 130 crore for the third quarter ended on December 31, 2020, as against a net loss of Rs 1,639 crore previous fiscal. Notably, the bad loans or non-performing assets of the bank have also reduced to 1.33% from 2.83% a year ago. The bank also reported of reaching 98% of its pre-COVID collections and improvement in Net Interest Margin and quarterly NPA.