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IDFC Bank reports 7% jump in Q4 net profit

IDFC Bank has reported results for the fourth quarter and year ended March 31, 2017.

The Bank has posted a rise of 6.60% in its net profit at Rs 175.95 crore for the quarter ended March 31, 2017 as compared to Rs 165.06 crore for the same quarter in the previous year. Total income of the Bank increased by 16.71% at Rs 2279.65 crore for quarter under review as compared to Rs 1953.20 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted a jump of over twofold in its net profit at Rs 1019.74 crore as compared to Rs 466.85 crore for the same period in the previous year. Total income of Bank increased 135.58% at Rs 9545.83 crore for year under review as compared to Rs 4052.03 crore for the period ended March 31, 2016.

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