IDFC First Bank Q4 PAT below estimates, down 10% financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
IDFC First Bank s shares dipped 3.5% as Warburg Pincus exited through block deals. The bank reported an 18.4% growth in net profit for the quarter, with investors clocking returns at 43% in the last one year.
“It really is a nice jump start for us to expand our footprint across Richmond and not just in the West End where we’ve been,” First Bank CEO Scott Harvard said of the $47 million deal.