<ul data-eligibleForWebStory="false"><li>IDFC First Bank has announced July 11 as the record date for dividend distribution of Re 0.25 for the financial year 2024-25, amounting to Rs 183.1 crore.</li><li>The bank reported a decline in standalone net profit to Rs 304 crore for the fourth quarter, attributed to increased provisions, particularly for its stressed microfinance institutions portfolio.</li><li>Provisions and contingencies doubled to Rs 1,450.47 crore compared to the previous year, mainly due to higher slippages in the MFI loan book.</li><li>The stock of IDFC First Bank closed 0.53% higher at Rs 77.66 apiece, with analysts offering varied ratings, and a potential downside of 4.4% as per Bloomberg data.</li></ul>

IDFC First Bank Dividend: Record Date Announced — Check Details Here

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