IDFC First Bank Shares Plunge as Microfinance Woes Dent Q3 Profits: A Detailed Analysis
IDFC First Bank’s shares experienced a significant downturn, plummeting by 7% to a 21-month low, following the release of its third-quarter (Q3) financial results. The primary cause of this decline was attributed to a substantial increase in provisions for bad loans within the bank’s microfinance segment, which significantly impacted overall profitability. This news has raised … Read more