IDFC First Bank Limited — Credit Ratings, 16-05-2026: Credit Rating- New

ICRA has reaffirmed IDFC FIRST Bank's Basel III Tier II and Infrastructure Bonds at **[ICRA]AA+ with a Stable outlook**. This reflects the bank's comfortable capital levels and robust 20% YoY loan growth. The rating is supported by anticipated profitability improvement and moderating asset quality, despite higher operating costs.