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IDFC FIRST Bank has announced a board meeting to consider the financial results for the quarter and half-year.
IDFC FIRST Bank delivered strong FY25 growth with a Rs. 3.4 lakh Cr balance sheet (+16% YoY), customer deposits up 25% to Rs. 2.42 lakh Cr led by retail, and funded assets +20.4% YoY. Credit cards crossed Rs. 7,500 Cr with operational breakeven. Asset quality improved; GNPA at 1.87%, net NPA 0.53%, excluding microfinance. NII grew 17%, net interest margin slipped to 5.95%. PAT was Rs. 1,525 Cr. Management targets 20-22% loan/deposit growth, opex growth around 12-13%, with an ROE goal of 15%+ over time, focusing on retail growth and cost reduction despite microfinance challenges.