IDFC First Bank Q1: Profit Soars Over 2X As Provisions Decline; Asset Quality Improves

IDFC First Bank reported Q1 net profit of Rs 1,075 crore, more than double from Rs 463 crore a year ago.

Profit growth was driven by a decline in provisions and improved asset quality.

The bank's bottom line rose 132% year-on-year.

Asset quality metrics improved during the quarter.