IDFC FIRST BANK LIMITED

IDFC First Bank Limited reported strong business momentum in its Q1 FY27 earnings conference call. Management highlighted that customer business, comprising deposits and funded assets, exceeded INR 6 lakh crores, reflecting a year-on-year growth of approximately 20%. The loan book grew by 20.6% year-on-year, driven by segments such as mortgage and vehicle loans. The bank's asset quality improved, with gross NPA decreasing to 1.51% and net NPA to 0.44%. Profit for the quarter reached INR 1,075 crores, a 132% increase year-on-year. Management noted a reduction in credit costs and a stable collection efficiency of 99.5%. The CASA ratio improved to 50.8%, with total deposits growing by 16.6% year-on-year. Management expressed confidence in maintaining a cost-to-income ratio below 70% and achieving a return on assets of around 1% for the year. The call concluded with management emphasizing their commitment to building a customer-first bank and enhancing governance and technology.

Management emphasized strong growth and improving asset quality.