October 25, 2017 / 9:15 AM / 2 months ago

India's IDFC Bank Q2 profit falls about 40 pct

Oct 25 (Reuters) - India’s IDFC Bank reported a 40 percent fall in second-quarter profit on Wednesday.

Net profit fell to 2.34 billion rupees ($35.92 million) in the quarter ended Sept. 30, from 3.88 billion rupees a year earlier, the bank said. bit.ly/2gBnQ3U

Gross bad loans as a percentage of total loans stood at 3.92 percent at end-September, compared with 4.13 percent in the preceding quarter and 5.96 percent a year earlier. ($1 = 65.1500 Indian rupees) (Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sunil Nair and Subhranshu Sahu)

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