IDFC Bank sees bad loans rising, no impact on earnings

IDFC Bank Ltd, one of India's two newest banks, expects its gross bad loans to increase in the coming quarters although that will not hit earnings as it has made adequate provisions, it said on Wednesday. IDFC Bank, a unit of infrastructure lender IDFC Ltd, started operations last October after receiving a permit from the Reserve Bank of India in what was the first bank licensing process in a decade. It reported on Wednesday a net profit of 2.42 billion Indian rupees ($36 million) for the Decemb