IDFC First Bank shares nosedive 10%, hit 52-week low as Q2 profit plummets 73%

IDFC First Bank Share Price: IDFC First Bank reported a 73% drop in Q2 standalone net profit to Rs 201 crore, with gross NPA at 1.92%. The CASA ratio stood at 48.9%, and retail deposits comprised 80.4% of total deposits. Brokerage firm Nuvama maintained a 'Hold' rating and lowered its target price to Rs 60, citing increased credit costs and deteriorating asset quality in the microfinance segment.