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Frequently Asked Questions (FAQs)
1. How were IDFC FIRST Bank’s Q1 FY27 results?

IDFC FIRST Bank reported a strong performance in Q1 FY27, with Profit After Tax (PAT) rising to ₹1,075 crore, marking the first time the bank has crossed the ₹1,000 crore quarterly profit milestone. The bank also reported healthy growth in loans, deposits, and improvements in asset quality.

2. What was IDFC FIRST Bank’s Profit After Tax (PAT) in Q1 FY27?

IDFC FIRST Bank reported a Profit After Tax (PAT) of ₹1,075 crore for the quarter ended June 30, 2026. According to the bank, this was the highest quarterly profit in its history and represented a 132.4% year-on-year increase.

3. How much did IDFC FIRST Bank’s deposits grow in Q1 FY27?

Total deposits increased to ₹3.12 lakh crore, up 18% year-on-year, while CASA deposits grew 25% YoY to ₹1.58 lakh crore. The bank’s CASA ratio also improved to 50.8%, reflecting continued strength in its low-cost deposit franchise.

4. What was IDFC FIRST Bank’s loan growth during Q1 FY27?

Total loan assets, including credit substitutes, reached ₹3.05 lakh crore, registering 21% year-on-year growth. The bank continues to focus on expanding its retail, agriculture, MSME, and diversified lending portfolio.

5. How did IDFC FIRST Bank’s asset quality perform in Q1 FY27?

Asset quality continued to improve during the quarter. Gross NPA (GNPA) declined to 1.51%, while Net NPA (NNPA) improved to 0.44%, indicating continued progress in managing stressed assets.

6. What was IDFC FIRST Bank’s Net Interest Margin (NIM) in Q1 FY27?

The bank reported a Net Interest Margin (NIM) of 5.96% for Q1 FY27. It also reported a Risk Adjusted NII of 4.75% and a Return on Assets (RoA) of 1.06% during the quarter.

7. Why did IDFC FIRST Bank create a ₹515 crore contingency provision?

According to the investor presentation, the bank received a CGFMU claim of ₹515 crore during Q1 FY27. At the same time, it voluntarily created a ₹515 crore contingency provision as a prudent measure considering the prevailing macroeconomic and geopolitical environment.

8. Is IDFC FIRST Bank focusing more on retail banking?

Yes. The investor presentation highlights the bank’s ongoing transformation into a retail-focused franchise. Retail deposits now account for 80% of customer deposits, while the loan book has shifted from being predominantly wholesale lending before the merger to a diversified mix where Retail, Agriculture, and MSME (RAM) businesses contribute 79% of total loan assets.