IDFC First Bank Limited — Investor Meet, 31-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IDFC FIRST Bank’s Q1 FY26 saw customer deposits grow 26% YoY to INR 2.57 lakh Cr, with CASA at 48%. Funded assets rose 21% YoY to INR 2.53 lakh Cr. GNPA marginally increased to 1.97% (Net NPA 0.55%), impacted by Microfinance (MFI) and one corporate case; ex-MFI, GNPA was 1.70%. NII grew 5.1% YoY, but NIM moderated to 5.71% due to rate transmission. PAT was INR 463 Cr, down 32% YoY due to MFI and higher provisions. Management expects NIM to recover to ~5.8% by Q4 FY26 as deposit costs decline. FY26 credit cost is guided at 2-2.05%, with MFI expected to bottom out.