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BUZZ-India's IDFC Bank at over 2-mth high; Q4 profit rises
April 26, 2017 / 4:01 AM / 7 months ago

BUZZ-India's IDFC Bank at over 2-mth high; Q4 profit rises

** Shares of IDFC Bank Ltd rise as much as 6.5 pct to highest since Feb 23

** Stock on track to record biggest intra-day pct gain since Dec 27, 2016

** March-qtr profit rises 7 pct, helped by higher interest income and a drop in provisions for bad loans

** Gross bad loans as a percentage of total loans fall to 2.99 pct in Q4, from 7.03 pct previous qtr, company said on Tuesday

** Stock has fallen 1 pct this year up to Tuesday’s close

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