'IDFC First Bank has reported 32% decline in net profit at Rs 462.57 crore
for the quarter ended June 2025 (Q1FY2026). The bank has posted healthy 5%
growth in net interest income (NII), while the core fee income of the bank
improved 9% in Q1FY2026. The Net Interest Margin (NIM) of the bank declined to
5.70% in Q1FY2026 compared to 6.22% in the corresponding quarter of previous
year.
On business
front, the bank as has posted 24% growth in business with strong 21% surge in
loan book. The asset quality of the bank was impacted due to high slippages of
loans in Q1FY2026. Bank has substantially reduced the credit to deposit ratio
to 95.6% at end June 2025 from 99.9% at end June 2024. CASA ratio of the bank
has improved to 48.0% at end June 2025 from 46.6% at end June 2024.
Elevated
slippages of loans weigh on asset quality: The bank has maintained
stable asset quality in Q1FY2026.
The fresh
slippages of loans ...
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