The company's net profit rose to Rs 176 crore from Rs 165.1 crore reported in the fourth quarter of 2015-16.
The operating income of the bank rose by just one per cent to Rs 558.4 crore during the January-March quarter of 2016-17 from Rs 554.5 earned in the corresponding period of 2015-16.
"The financial year 2016-17 marks the first full year of operations of IDFC Bank. The Bank recorded a net profit of Rs 1,020 crore for the full year ended March 31, 2017, delivering a 25 per cent growth in net profit vs. last year (annualized)," the lender said in a statement.
"The balance sheet grew y-o-y by 35 per cent. IDFC Bank ended the year with an outstanding funded and non-funded credit growth of 58 per cent, while its funded outstanding credit was up 36 per cent at Rs 66,567 crore, from Rs 48,813 crore in the previous year."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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