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IDFC First Bank’s Q2 consolidated net loss widens to Rs 677 crore

IDFC First Bank has reported results for second quarter ended September 30, 2019.

The bank has reported a net loss of Rs 679.50 crore for the quarter under review as compared to net loss of Rs 369.69 crore for the same quarter in the previous year. However, total income of the bank increased by 78.00% at Rs 4367.12 crore for Q2FY20 as compared Rs 2453.48 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a net loss of Rs 676.52 crore for the quarter under review as compared to net loss of Rs 358.39 crore for the same quarter in the previous year. However, total income of the bank increased by 76.80% at Rs 4454.26 crore for Q2FY20 as compared Rs 2519.37 crore for the corresponding quarter previous year.

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