INSUBCONTINENT EXCLUSIVE:
Mumbai: Capital First reported an increase of 55 per cent in net profit during the quarter ended June 30, 2018, on healthy loan book and
During the quarter, profit after tax rose to Rs 101.5 crore from Rs 65.4 crore in the corresponding quarter a year ago.
Net interest income
or income from operations grew 51 per cent to Rs 528 crore from Rs 350.8 crore
At the end of Q1, return on equity was 16 per cent
In the next couple of years, the company expects return on equity to grow 20 per cent
Its net interest margins was 8.3 per cent at the end of the quarter
The Mumbai-based NBFC is in the process of merging with IDFC Bank
The merger is pending approval from NCLT
RBI has approved the merger.
