IDFC FIRST Bank reported a resilient financial performance for the quarter and year ended March 31, 2026. The bank achieved a 5% year-on-year increase in Profit After Tax to Rs. 319 crore. Excluding a one-time isolated incident, the normalized profit grew significantly by 145% YoY to Rs. 746 crore. With strong deposit growth and improved asset quality, the bank continues its trajectory as a fast-growing, tech-focused private lender.
Financial Highlights for Q4-FY26
IDFC FIRST Bank showcased robust growth across its core business segments during the final quarter of the 2026 fiscal year. The total customer business reached Rs. 5,74,731 crore, marking an 18.6% year-on-year increase. Loans and advances rose to Rs. 2,90,278 crore, representing a 20.0% growth compared to the previous year, driven largely by retail, rural, and MSME lending.
Asset Quality and Profitability
The bank successfully improved its asset quality metrics, with Gross NPA decreasing by 27 bps YoY to 1.61% and Net NPA improving to 0.48%. A key highlight of the quarter was the reduction in provisions, which fell to 1.63% of loans, the lowest level in two years. Despite a one-time financial impact from an isolated incident in Chandigarh, which was fully expensed in Q4, the normalized Profit After Tax soared to Rs. 746 crore.
Strategic Milestones and Growth
The bank continues to expand its digital footprint and customer base, which now stands at 38 million customers. The deposit franchise remains strong, with customer deposits growing 17.3% YoY to Rs. 2,84,453 crore. Additionally, the bank’s wealth management business saw a 23% YoY growth, crossing the Rs. 57,000 crore mark. Management expressed confidence in future growth, citing a strong start to Q1-FY27 for deposit mobilization.
Source: BSE
