IDFCFIRST BANK

IDFC First Bank Ltd. reported a significant drop in its net profit for the first quarter of FY26. The profit is largely impacted by microfinance business and interest rate movement, the bank informed in an exchange filing. The private lender reported a profit after tax (PAT) of ₹462.6 crore for the June quarter, marking a 32.07% drop compared to ₹681 crore in the same period last year. Its net interest income (NII) increased by 5% year-on-year, rising to ₹4,933 crore from ₹4,695 crore.