July 30, 2018 / 12:00 PM / 5 months ago

India's IDFC Bank June-qtr profit falls 59 pct

July 30 (Reuters) - India’s IDFC Bank on Monday said June-quarter profit fell nearly 59 percent, hurt by lower income from non-fund based items.

The bank reported a net profit bit.ly/2OrP7FH of 1.82 billion rupees ($26.52 million) for the quarter ended June 30, compared with 4.38 billion rupees a year ago.

Gross bad loans as a percentage of total loans stood at 3.24 percent at June-end, compared with 3.31 percent in the preceding quarter and 4.13 percent at the end of year-ago quarter.

$1 = 68.6300 Indian rupees Reporting by Sharnya G and Aby Jose Koilparambil in Bengaluru; Editing by Sunil Nair

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