Dragged down by Mumbai toll waiver, IDFC First Bank’s net profit drops 73% – Times of India
Mumbai: IDFC First Bank‘s second quarter net profit plunged over 73% to Rs 201 crore from over Rs 751 crore in the corresponding quarter of the previous year, dragged down by a Rs 253-crore provision arising from Maharashtra govt’s recent decision to waive tolls for some vehicles in Mumbai.The bank had provided finance against the…