NaBFID Q1 profit surges 88% to Rs 360 cr

NEW DELHI: State-owned National Bank for Financing Infrastructure and Development (NaBFID) on Friday reported an 88 per cent jump in net profit at Rs 360 crore for the June quarter of this financial year. The Mumbai-based development financial institution (DFI) had posted a net profit of Rs 192 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 432 crore, from Rs 212 crore in the same period a year ago, NaBFID said in public notice.