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IDFC First Bank reported strong business momentum in Q2FY27

ICICIdirect Research 06 Oct 2026 DISCLAIMER

News: IDFC First Bank reported strong business momentum in Q2FY27, with loans & advances rising to ₹3,13,864 crore, up 20.4% YoY (5.4% QoQ). Total deposits increased to ₹3,23,697 crore, up 17.0% YoY (3.8% QoQ), while customer deposits (excluding certificates of deposits) rose to ₹3,16,529 crore, up 17.6% YoY (5.7% QoQ). CASA ratio improved to 51.3% (vs 50.8% in Q1FY27). Including FCNR(B), gross advances stood at ₹3,38,749 crore, up 29.9% YoY (13.7% QoQ), while total deposits stood at ₹3,48,582 crore, up 25.9% YoY (11.8% QoQ).

View: The key positive was improvement in liability quality, with CASA ratio rising sequentially and bulk deposit dependence reducing meaningfully. While FCNR(B) inflows boosted headline liquidity, the underlying domestic funding position remains comfortable and should support incremental growth.

Impact: Positive

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