IDFC First Bank Results Update
IDFC First Bank's press release reports Q2 FY27 profit growth, with deposits up strongly year-on-year. It also highlights FCNR(B) mobilisation and a debut S&P investment-grade rating.
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IDFC First Bank's press release reports Q2 FY27 profit growth, with deposits up strongly year-on-year. It also highlights FCNR(B) mobilisation and a debut S&P investment-grade rating.
IDFC FIRST Bank reported a record quarterly Profit After Tax of ₹1,075 crore for Q1 FY27, up 132.4% YoY. Asset quality improved with lower Gross and Net NPA.
IDFC FIRST Bank disclosed provisional Q1 FY27 numbers, with Loans & Advances of ₹305,488 crore. Total deposits stood at ₹311,874 crore, showing continued asset growth.
IDFC FIRST Bank reported a 5% YoY increase in Q4-FY26 Profit After Tax to ₹319 Crore. Normalised PAT, excluding one-time items, rose 145% YoY to ₹746 Crore. Asset quality improved with Gross NPA at 1.61% and Net NPA at 0.48%, while customer deposits grew 17.3% YoY to ₹2,84,453 Crore.