During the Q4 for Financial Year 2024, IDFC First Bank reported a decent set of numbers, although YOY PAT dipped by 9.3%. The numbers were as shown below.
| PAT | NII | Gross NPA | Net NPA | |
| YoY | 9.3% Down | 2.4% Up | 1.8% Down | 0.6% Down |
The elevated Operational Expenses remained a concern that impacted the numbers. Management is hopeful about keeping the operational expenses under control.
Also, CEO felt confident about increasing their presence on the secured lending sector which included Gold Loans and Property Loans, especially in rural areas of the country.
Very good and informative