IDFC Bank’s net profit rose 7 per cent to ₹176 crore in the fourth quarter ended March 31, 2017 from ₹165 crore in the year-ago period.
The profit was muted as non-interest income declined 72 per cent year-on-year. The board recommended a dividend of ₹0.75 an equity share of ₹10 each (7.5 per cent) for FY17. Net interest income rose 28 per cent to ₹516 crore (₹404 crore in the year-ago quarter).
Non-interest income was down to ₹43 crore (₹151 crore).
The private sector bank’s deposits jumped to ₹40,208 crore as at March-end 2017 from ₹8,219 crore as at March-end 2016.
Gross non-performing loans to gross loans ratio improved to 3 per cent as at March-end 2017 from 6.2 per cent in March 2016.
IDFC Bank shares closed at ₹59.45 apiece, up 1.02 per cent over the previous close on the BSE.