IDFC First Bank Q1 net profit slumps 32% to ₹463 crore

IDFC First Bank Ltd. reported a 32% fall in Q1 net profit to ₹463 crore from the same period last year largely impacted by microfinance business and interest rate movement. Net interest income (NII) grew 5.1%­ YoY from ₹4,695 crore to ₹4,933 crore.