IDFC FIRST Bank Posts Robust Q1 FY27 Growth with Deposits Crossing ₹3.11 Lakh Crore

IDFC FIRST Bank Limited has released its provisional operational updates for the first quarter of the financial year 2027, showcasing high-velocity, double-digit growth across its core loan book and deposit franchises.

Key Financial Metrics and Growth Trajectory

The bank's provisional metrics for the quarter ended June 30, 2026, highlight strong momentum in both year-over-year (YoY) and quarter-over-quarter (QoQ) performances:

Expanding Credit Book: Total Loans and Advances-which encompass credit investments in corporate bonds, Pass Through Certificates (PTC), and Security Receipts (SR)-surged to ₹3,05,488 crores. This marks a notable 20.6% YoY jump against the ₹2,53,233 crores recorded on June 30, 2025, and a steady 5.2% expansion sequentially from the March 2026 quarter.

Strong Deposit Mobilization: Total Deposits outpaced credit growth, reaching ₹3,11,874 crores, registering an 17.7% YoY increase from ₹2,64,971 crores. Sequentially, deposits grew by 5.9% from ₹2,94,475 crores in the preceding quarter.

CASA Performance Outperformance: Current Account and Savings Account (CASA) deposits witnessed aggressive growth, spiking 24.7% YoY to settle at ₹1,58,563 crores compared to ₹1,27,158 crores in the prior year period. On a sequential quarterly basis, CASA grew by 8.1%.

Strengthened Key Ratios: Backed by aggressive retail deposit expansion, the bank's structural CASA Ratio improved to 50.8%, up from 49.8% in March 2026 and 48.0% in June 2025. Concurrently, the healthy clip of deposit additions helped lower the bank's Credit-to-Deposit (CD) Ratio to 95.5%, down from 96.4% in the previous quarter.

Asset Quality Outlook

Alongside balance sheet expansion, IDFC FIRST Bank reported that its overall asset quality continues to log steady improvement compared to preceding reporting periods.

The provisional numbers remain subject to formal audit by the statutory auditors of the bank.

Shares of IDFC First Bank Limited was last trading in BSE at Rs. 80.45 as compared to the previous close of Rs. 79.45. The total number of shares traded during the day was 1258878 in over 6808 trades.

The stock hit an intraday high of Rs. 81.27 and intraday low of 79.19. The net turnover during the day was Rs. 100960931.00.

Source : Equity Bulls

Keywords

IDFCFirstBank INE092T01019 Q1FY27 OperationalUpdate