IDFC First Bank Q2 profit nearly triples to ₹1,045 crore

IDFC First Bank reported a 197% year-on-year jump in net profit to ₹1,045 crore for the September quarter, helped by lower provisions, strong net interest income growth and better asset quality. The lender also mobilised ₹34,390 crore in FCNR(B) deposits despite having no branch, subsidiary or representative office outside India.