New Delhi, April 26 -- IDFC First Bank announced its January March quarter results for fiscal 2024-25 (Q4FY25) on Saturday, April 26, reporting a drop of 58 per cent in standalone net profit at Rs.304 crore, compared to Rs.724.3 crore in the corresponding period last year. The board recommended a dividend of Rs.0.25 per equity share, subject to the approval of shareholders.

The private sector lender was formed by merging the banking arm of project financer Infrastructure Development Finance Company (IDFC) and Capital First.

The bank's IDFC First Bank's net interest income (NII)-the difference between interest earned and paid-rose 9.8 per cent to Rs.4,907.1 crore compared to Rs.4,468.9 crore in the year ago period.

Earlier this month, t...