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IDFC First Bank reported healthy business growth in Q1FY27

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: IDFC First Bank reported healthy business growth in Q1FY27 (provisional), with loans & advances rising to ₹3,05,488 crore, up 20.6% YoY (5.2% QoQ). Total deposits stood at ₹3,11,874 crore, up 17.7% YoY (5.9% QoQ), while CASA deposits increased to ₹1,58,563 crore, up 24.7% YoY (8.1% QoQ). Consequently, the CASA ratio improved to 50.8% (vs 49.8% in Q4FY26), while the credit-deposit (CD) ratio moderated to 95.5% (vs 96.4% in Q4FY26). The bank also indicated that asset quality continues to improve compared to prior periods.

View: The bank has delivered a healthy recovery in business momentum following the disruption witnessed in the previous quarter. Strong liability mobilisation, improving CASA mix and moderation in the CD ratio indicate strengthening franchise fundamentals, while continued improvement in asset quality should provide support to earnings going forward.

Impact: Positive

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