IDFC Bank's standalone Q4 net profit down 76%

Mumbai : Lending major IDFC Bank on Tuesday reported a decline of 76 per cent in its standalone net profit for the fourth quarter of 2017-18.

According to a BSE filing, the bank's net profit during the quarter under review declined to Rs 41.93 crore from Rs 175.95 crore reported for the corresponding period of the previous fiscal.

On a financial year basis, it reported that its standalone net profit decreased to Rs 859.30 crore for the year ended March 31, 2018 from Rs 1,019.73 crore for the previous year.