IDFC Bank second-quarter profit falls about 40 per cent

Gross bad loans as a percentage of total loans stood at 3.92 percent at end-September, compared with 4.13 percent in the preceding quarter and 5.96 percent a year earlier.

MUMBAI: IDFC Bank reported a 40 percent fall in second-quarter profit on Wednesday.

Net profit fell to 2.34 billion rupees ($35.92 million) in the quarter ended Sept. 30, from 3.88 billion rupees a year earlier, the bank said.

Gross bad loans as a percentage of total loans stood at 3.92 percent at end-September, compared with 4.13 percent in the preceding quarter and 5.96 percent a year earlier.