IDFC First Bank Q4 profit up 5% on lower provisions; fraud hits ops 42%
The net profit stood at Rs 319 crore in the period under review, as against Rs 304 crore in the year-ago quarter. The bank set aside Rs 869 crore as provisions compared with Rs 1451 crore earlier. Its net interest margin for the quarter improved to 5.95% from 5.76% in the preceding three-month period. The…