
IDFC First's low-cost deposits swell despite rate cut from 7% to 4%
Deposits touch ₹66,498 crore on the back of 88% CAGR in four years.
Deposits touch ₹66,498 crore on the back of 88% CAGR in four years.
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.