Loans & advances increased 21.9% to 2,30,947 crore as of 31 December 2024 as compared with 1,89,475 crore as of 31 December 2023.
Customer Deposits stood at 2,27,266 crore as of 31 December 2024, up 28.8% as compared with Rs 1,76,481 crore as of 31 December 2023.
CASA Deposits jumped 32.3% to 1,13,091 crore as of 31 December 2024 as compared with 84,492 crore as of 31 December 2024. CASA ratio stood at 47.8% as of 31 December 2024 as against 46.8% as of 31 December 2023 and 48.9% as of 30 September 2024.
Credit-Deposit (CD) Ratio stood at 95.7% as of December 31, 2024 as compared to 101.4% as of December 31, 2023 and 97.7% as of September 30, 2024.
IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, Internet and mobile. The bank provides customized financial solutions to corporate, individuals, small and micro enterprises (SMEs), entrepreneurs, financial institutions and the government.
The bank’s standalone net profit declined 73.3% to Rs 200.69 crore despite 21.6% jump in total income to Rs 10,684.23 crore in Q2 FY25 over Q2 FY24.