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IDFC First Bank reported a 15% decline in net profit for Q3FY25, while its net interest income rose by 14%. The bank's gross NPA ratio improved to 1.94%, and customer deposits increased by 28.8% YoY. CASA deposits surged by 32.3%, and the CASA ratio stood at 47.7%.
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Yes Bank's net profit surged to Rs 612 crore in the December 2024 quarter, driven by a robust growth in fee income, reduced RIDF deposits, and lower provisions due to improved asset quality. The bank's non-interest income grew by 27%, and its gross NPA ratio dropped to 1.6%. Additionally, SME and mid-large corporate advances increased by 27% year-on-year.
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The markets remained in a very defined trading range and stayed decisively below key levels. The trading range widened a bit; the Nifty oscillated in 449.45 points before closing towards its lower end of the range. The volatility increased; the India VIX inched higher by 6.33% to 16.75 and stayed at elevated levels.
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