IDFC Bank fourth quarter net profit edges up to Rs 176 crore

IDFC Bank on Tuesday posted a net profit growth of 7 per cent at Rs 176 crore for the fourth quarter ended March. The corresponding figure in the previous fiscal read Rs 165.10 crore. Income during the quarter grew by a marginal 1 per cent to Rs 558.40 crore, as against Rs 554.50 crore. For the whole of 2016-17, profit came in at Rs 1,020 crore, marking completion of its first full year of operations. Operating income stood at Rs 3,030.40 crore for the fiscal ended March 2017, it said in a release. The bank had started off in October 2015. So, the year- on-year comparable figure has been annualised.