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IDFC First Bank Q1 net more than doubles to ₹1,075 crore

The Hindu Bureau· ·2 min read · 0 reactions · 0 comments · 15 views
IDFC First Bank Q1 net more than doubles to ₹1,075 crore
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IDFC First Bank’s first quarter (Q1) FY27 net profit more than doubled year-on-year (YoY) to ₹1,075 crore, supported by strong business momentum., improved asset quality and better cost management. Net Interest Margin (NIM) improved to 5.96% in the quarter from 5.71% a year ago, up 25 bps basis points YoY.Loans and advances increased 20.6% YoY to ₹ 3,05,370 crore, primarily driven by mortgage, vehicle, corporate and consumer loans the bank said.. Retail, agri and micro, small and medium enterprises book increased to ₹2,41,118 crore from ₹2,03,954 crore a year ago, up 18.2% YoY.

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Original publisherThe Hindu
Canonical URLhttps://www.thehindu.com/business/Industry/idfc-first-bank-q1-net-more-than-doubles-to-1075-crore/article71266093.ece
Publication timeSat, 25 Jul 2026 21:15:47 +0530
Retrieval time2026-07-25T15:52:18.288Z
Last seen2026-07-25T15:52:18.288Z
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Opening excerpt (first ~120 words) tap to expand

IDFC First Bank’s first quarter (Q1) FY27 net profit more than doubled year-on-year (YoY) to ₹1,075 crore, supported by strong business momentum., improved asset quality and better cost management. Net Interest Margin (NIM) improved to 5.96% in the quarter from 5.71% a year ago, up 25 bps basis points YoY.Loans and advances increased 20.6% YoY to ₹ 3,05,370 crore, primarily driven by mortgage, vehicle, corporate and consumer loans the bank said.. Retail, agri and micro, small and medium enterprises book increased to ₹2,41,118 crore from ₹2,03,954 crore a year ago, up 18.2% YoY. Wholesale book increased to ₹ 64,252 crore from ₹49,279 crore a year ago, up 30% YoY.Cost of funds eased by 46 bps YoY to 5.96%. in Q1FY27 .

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.

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