IDFC First Bank Limited — Updates, 26-07-2025: Press Release

IDFC FIRST Bank reported Q1 FY26 Net Profit of Rs. 463 Cr, up 52% QoQ but down 32% YoY due to microfinance (MFI) challenges and interest rate shifts. Customer Deposits surged 25.5% YoY to Rs. 2,56,799 Cr, with Loans & Advances growing 21% to Rs. 2,53,233 Cr. While overall GNPA slightly increased to 1.97%, MFI asset quality improved significantly, and its portfolio was scaled down. Provisions rose to Rs. 1,659 Cr, mainly MFI-driven, but 72% of the MFI book is now insured. NIM contracted to 5.71%. The bank plans a Rs. 7,500 Cr capital raise, boosting proforma CRAR to 17.60%, strengthening its base. Management expects MFI issues and NIM pressure to ease by H2 FY26.