IDFC FIRST Bank's loans up 20% on year as of Mar 31, deposits up 17.2%
This story was originally published at 13:16 IST on 4 April 2026
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MUMBAI – IDFC FIRST Bank Ltd.'s loans and advances grew 20% on year to INR 2.90 trillion as of Mar. 31, according to provisional data released by the bank Friday. Customer deposits grew 17.2% on year to INR 2.84 trillion as of Mar. 31, the data showed.
The customer deposits increased during the quarter despite headwinds during Jan-Mar, including year-end advance tax outflows, tight liquidity environment, news flow about incidents reported during the quarter, prevailing West Asia crisis over a month and reduction of interest rates on savings accounts between 50-200 basis points in key buckets over the quarter, the bank said. "The Bank opened as many new accounts during March 2026 as the prior months, indicating stability. We expect growth in Deposits to strengthen from Q1-FY27 (Apr-Jun) onwards," the bank said in the release.
Current account, savings account ratio was 49.8% as of Mar. 31 against 51.6% a quarter ago. The ratio during the same period last year was 46.9%. The liquidity coverage ratio during Jan-Mar was stable at 114%.
The bank reported a net profit of INR 5.03 billion and a total income of INR 125.42 billion in the December quarter. On Thursday, shares of the bank ended at INR 60.22, up nearly 0.1%, on the National Stock Exchange. End
Reported by J. Navya Sruthi
Edited by Tanima Banerjee
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