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. Net Interest Margin (NIM) improved to 5.96% in the quarter from 5.71% a year ago, up 25 bps basis points YoY.Loans and advances increased 20.6% YoY to ₹ 3,05,370 crore, primarily driven by mortgage, vehicle, corporate and consumer loans the bank said.. Retail, agri and micro, small and medium enterprises book increased to ₹2,41,118 crore from ₹2,03,954 crore a year ago, up 18.2% YoY.
- ▪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.
- ▪Net Interest Margin (NIM) improved to 5.96% in the quarter from 5.71% a year ago, up 25 bps basis points YoY.Loans and advances increased 20.6% YoY to ₹ 3,05,370 crore, primarily driven by mortgage, vehicle, corporate and consumer loans the
- ▪Retail, agri and micro, small and medium enterprises book increased to ₹2,41,118 crore from ₹2,03,954 crore a year ago, up 18.2% YoY.
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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. Net Interest Margin (NIM) improved to 5.96% in the quarter from 5.71% a year ago, up 25 bps basis points YoY.Loans and advances increased 20.6% YoY to ₹ 3,05,370 crore, primarily driven by mortgage, vehicle, corporate and consumer loans the bank said.. Retail, agri and micro, small and medium enterprises book increased to ₹2,41,118 crore from ₹2,03,954 crore a year ago, up 18.2% YoY. Wholesale book increased to ₹ 64,252 crore from ₹49,279 crore a year ago, up 30% YoY.Cost of funds eased by 46 bps YoY to 5.96%. in Q1FY27 .
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