IDFC FIRST Bank reported a 48% year-over-year increase in net profit after tax (PAT) for Q3 FY26, reaching ₹503 crores. Total customer business grew by 22.62% YoY. The bank’s asset quality also improved, with Gross NPA declining to 1.69% and Net NPA at 0.53%. CASA ratio stood at 51.64% as of December 31, 2025.
Q3 FY26 Financial Highlights
IDFC FIRST Bank announced its financial results for the third quarter of fiscal year 2026. Key highlights from the announcement include:
- Net Profit: ₹503 crores, up 48.05% year-over-year.
- Total Customer Business: Grew by 22.62% YoY to ₹5,62,090 crores.
- Customer Deposits: Increased by 24.35% YoY to ₹2,82,662 crores.
- Loans and Advances: Reached ₹2,79,428 crores, a 20.93% increase YoY.
- CASA Ratio: Stood at 51.64%, reflecting a 390 bps increase YoY.
Asset Quality Improvement
The bank reported an improvement in asset quality metrics:
- Gross NPA: Decreased to 1.69%.
- Net NPA: Stood at 0.53% as of December 31, 2025.
Business Growth Drivers
According to the announcement, 89% of the YoY growth in loans and advances was driven by mortgage loans, vehicle loans, consumer loans, business banking, and wholesale loans. The bank’s wealth management business grew by 31% YoY, reaching ₹58,957 crores. The number of credit cards in force reached 4.3 million during Q3 FY26.
Strategic Outlook
The bank is experiencing strong business momentum across its key segments, including lending, deposits, wealth management, and transaction banking. IDFC FIRST Bank anticipates a further reduction in the cost of funds due to recent revisions in savings rates.
Source: BSE
