IDFC First Bank Dividend: Private sector lender's board recommends dividend of ₹0.25 per share for FY25

IDFC First Bank Dividend: The private sector lender's board recommends dividend of ₹0.25 per share, subject to the approval of shareholders. The record date of the dividend is not fixed yet.

“We wish to inform that the Board of Directors of the Bank at its meeting held today has inter-alia considered and recommended dividend of ₹0.25/- (2.50 per cent of face value) per equity share of face value of ₹10/- each for the Financial Year 2024-25, subject to approval of shareholders of the Bank at the ensuing Annual General Meeting of the Bank and such other regulatory/ statutory approvals as may be required,” said IDFC First Bank in a regulatory filing to the stock exchanges 

IDFC First Bank's net interest income (NII)—the difference between interest earned and paid—rose 9.8 per cent to ₹4,907.1 crore compared to ₹4,468.9 crore in the year ago period.

The lenders' total income increased to ₹11,308 crore during the quarter against ₹9,861 crore in the same quarter a year ago, IDFC First Bank said in a regulatory filing.

The interest income increased to ₹9,413 crore for the reporting quarter as against ₹8,219 crore in the same quarter a year ago.

On the asset quality front, the bank's gross non-performing assets ratio improved marginally to 1.87 per cent against 1.88 per cent a year ago.

Similarly, its net NPAs, or bad loans, came down to 0.53 per cent from 0.60 per cent in the March quarter of the previous year.