IDFC Bank's Q2 Profit Falls 40%

IDFC Bank's net profit fell to Rs. 2.34 billion in the quarter ended September 30, from Rs. 3.88 billion 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.