IDFC First Bank Limited — Important, 03-01-2025: Updates

Total business for IDFC FIRST Bank surged to ₹4,58,213 Cr as of December 31, 2024, marking a robust year-over-year growth of 25.2%. Loans and advances increased by 21.9% to ₹2,30,947 Cr, with a quarterly growth of 3.7%. Customer deposits rose by 28.8% to ₹2,27,266 Cr, reflecting a quarterly increase of 4.2%. CASA deposits saw a significant jump of 32.3%, reaching ₹1,13,091 Cr, though the CASA ratio slightly decreased to 47.8%. The Credit-Deposit ratio improved to 95.7%, down from 101.4% a year ago, showcasing the bank’s strategy to reduce legacy borrowings while enhancing retail deposits. This performance indicates a positive outlook for IDFC FIRST Bank with strong growth across key metrics, positioning it well for future opportunities.