IDFC FIRST Bank reported its unaudited standalone and consolidated financial results for Q3 FY26, showcasing significant growth. The bank’s loans and advances grew by 21% YoY, reaching ₹2,79,428 Cr. Customer deposits also saw substantial growth at 24% YoY, totaling ₹2,82,662 Cr. The bank’s CASA deposits increased significantly, reaching ₹1,50,350 Cr with a CASA ratio of 51.6%.
Asset Quality and Growth
The bank’s asset quality remains strong. GNPA ratio stood at 1.69%, and NNPA ratio at 0.53%. Key financial metrics include:
- Loans & Advances: ₹2,79,428 Cr (21% YoY)
- Customer Deposits: ₹2,82,662 Cr (24% YoY)
- CASA Deposits: ₹1,50,350 Cr (33% YoY)
- CASA Ratio: 51.6%
Strategic Developments and Diversification
The bank has transformed its liabilities base, with 79% of customer deposits in retail, demonstrating a strategic shift towards retail deposits. Cost of Funds has been reduced, aligning with mid-tier banks. The Credit Deposit Ratio has been reduced from 137% at merger to 93.9%.
Segment Performance
The loan book is diversified across various segments:
- Home Loan: 10%
- Loan Against Property: 12%
- Business Banking: 4%
- Salaried Personal Loan: 6%
- Digital Personal Loan: 5%
Emphasis on Risk Management
The bank emphasizes a stringent, 10-step underwriting process. Collection efficiency remains stable at 99.5%. There’s been improvement in the SMA of the Micro Finance Institution (MFI) business.
Profitability and Capital Adequacy
The bank reported a net profit of ₹503 Cr for the quarter. Capital Adequacy Ratio remains strong. The Bank reported:
- Net Interest Margin (NIM): 5.76%
- Capital Adequacy: 16.22%
ESG Initiatives
IDFC FIRST Bank is committed to ESG principles, with various initiatives focused on enabling sustainability. The bank actively supports:
- Green Deposits: and Clean Transportation.
- Renewable Energy and Financial Inclusion.
Source: BSE
