詊すGOLD- Free

IDFC needs many stars to align
Mint New Delhi|December 19, 2024
Cost pinch IDFC First Bank's elevated cost-to-income ratio and credit costs put pressure on its profit
- Manish Joshi

Private-sector lender IDFC First Bank Ltd has put up a dismal show and seen its shares tank around 26% so far this calendar year. In contrast, the Nifty Bank index is up around 8%.

The stock has been punished for a multitude of factors. Provisions have seen a linear increase from ₹528 crore in Q2FY24 to ₹1,732 crore in Q2FY25.

An even more worrying aspect is that the jump in provisions was higher in absolute terms than the increase in net interest income (NII). The bank's NII rose by ₹838 crore over this period to ₹4,788 crore in Q2FY25.

The stock slid to a new 52-week low of ₹59.30 in October and has since recovered marginally to ₹64, but remains well below its 52-week high of ₹192.45 in December 2023.

この蚘事は Mint New Delhi の December 19, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

IDFC needs many stars to align
Gold Icon

この蚘事は Mint New Delhi の December 19, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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