IDFC First Bank Q1 net more than doubles to ₹1,075 crore
IDFC First Bank reported a net profit of ₹1,075 crore for the first quarter of FY27, more than doubling from the previous year. The significant growth was driven by strong business momentum, improved asset quality, and effective cost management. The bank's Net Interest Margin (NIM) also increased to 5.96%, up from 5.71% a year earlier.