IDFCFIRSTB: Net profit up 132% YoY, asset quality improved, and full-year ROA target raised to 1%
Strong business momentum drove 20%+ growth in loans and deposits, with net profit surging 132% year-over-year. Asset quality improved, credit cost guidance was lowered, and the bank now targets a 1% ROA for the full year, supported by robust deposit inflows and technology investments.Based on IDFC…