IDFC shares under selling pressure
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Shares of IDFC said its first quarter
The bank's Gross Non Performing Assets rose to 1.52 percent versus 0.65 percent in the past sequential quarter. Similarly, the Net NPAs rose to 0.99 percent in the first quarter compared with 0.22 percent in the fourth quarter, the lender said in a statement to the exchanges.
IDFC fell 2.5 rupees, or 1.7 percent, to 151.80 rupees. Nearly 67 lakh
IDFC's market capitalisation has slipped 3.5 percent in the past one year to 24,697 crore rupees as investors dumped infrastructure lenders on the back of the rising sectoral NPA problem and a critical slowdown in the main industrial sectors of steel, power and construction.
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(Image credits: Indiatimes)
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