business
IDFC First Bank Q2 profit jumps 197% to ₹1,045 crore
IDFC First Bank's Q2 profit jumped 197% to ₹1,045 crore driven by lower provisions and improved asset quality.
IDFC First Bank reported a 196.5% year-on-year net profit increase to ₹1,045 crore for the quarter ended September 30, 2026, in Mumbai. Net interest income rose 21% to ₹6,184 crore while total deposits grew 25.9% to ₹3,48,583 crore. MD and CEO V. Vaidyanathan noted that mobilising ₹34,390 crore in FCNR(B) deposits provided structural liquidity. The bank also raised $500 million through its first international bond offering.
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IDFC First Bank Q2 profit jumps 197% to ₹1,045 crore
IDFC First Bank's profit after tax (PAT) for the second quarter rose to ₹1,045 crore, marking a 197% increase. The bank attributed this growth to lower provisions during the period. The bank also reported mobilizing funds through FCNR(B) deposits despite having no physical presence or representative offices outside India.
IDFC First Bank Q1 Net More Than Doubles to ₹1,075 Crore
IDFC First Bank's first quarter (Q1) FY27 net profit more than doubled year-on-year (YoY) to ₹1,075 crore, supported by strong business momentum, improved asset quality, and better cost management. The bank's current asset quality performance remains healthy across key retail, rural, and SME portfolios, with delinquency indicators largely stable or improving. Net Interest Margin (NIM) improved to 5.96% in the quarter from 5.71% a year ago, up 25 basis points YoY. Loans and advances increased 20.6% YoY, with customer business rising 18.6% YoY.