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IDFC FIRST Bank Q2 Update: Loans Rise 20 Percent And Deposits Grow 17 Percent YoY
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CNBC TV18•05-10-2026, 16:27
IDFC FIRST Bank Q2 Update: Loans Rise 20 Percent And Deposits Grow 17 Percent YoY
- •IDFC FIRST Bank reported a 20.4 percent year-on-year increase in loans and advances to 3,13,864 crore for the quarter ended September 30, 2026.
- •Total deposits rose 17 percent year-on-year to 3,23,697 crore, while customer deposits increased 17.6 percent to 3,16,529 crore.
- •The bank's CASA ratio stood at 51.3 percent, improving from 50.8 percent in the previous quarter and 50.1 percent a year earlier.
- •The bank mobilized 34,390 crore of FCNR(B) deposits during the quarter, resulting in excess liquidity and prompting deliberate moderation in deposit growth.
- •Shares of IDFC First Bank Ltd ended at 82.20, registering a 2.34 percent gain on the BSE.
Key Questions Answered
For the quarter ended September 30, 2026, IDFC First Bank reported a 20.4% year-on-year increase in loans and advances to ₹3,13,864 crore. Total deposits rose 17% year-on-year to ₹3,23,697 crore, while customer deposits excluding Certificates of Deposit increased 17.6% to ₹3,16,529 crore.
The bank slowed down its deposit growth and reduced Certificates of Deposit to manage the surplus liquidity generated by strong FCNR(B) deposit flows during the quarter.
The average Liquidity Coverage Ratio for the second quarter of FY27 stood at 125%, up from 116% in the first quarter. Meanwhile, the bank's CASA ratio stood at 51.3%, compared to 50.8% in the previous quarter and 50.1% a year earlier.
