IDFC First Bank Ltd(IDFCFIRSTB)

NSE: IDFCFIRSTBBSE: 539437

₹ 72.35-3.47%refreshed 23 Oct, 04:00 pm ISTMarket cap: ₹ 62,386 crWebsite: www.idfcfirstbank.comUpdated: 25 Oct 2026

About

IDFC First Bank is an Indian private sector bank offering retail banking, wholesale banking, and treasury services, formed from the merger of IDFC Bank and Capital First in 2018. Over seven years it has changed from an infrastructure-focused DFI into a technology-driven, pan-India universal bank. It reported revenue of Rs 40,548.82 crore in FY26 and had total deposits of Rs 2,94,475 crore as at March 31, 2026. The bank says it has about 1.5% market share of India's overall retail and MSME lending industry.^[1][2][3]

Business segments

Retail Banking contributed 57.0% of revenue in FY26, up 21.3 percentage points since FY20, as the bank moved from wholesale to retail lending.^[4]
Treasury contributed 30.1% of revenue in FY26 (down 9.2 pp since FY20). Wholesale Banking contributed 11.8% (down 12.7 pp since FY20).^[4]
Retail Banking segment revenue in FY26 was Rs 53,883.12 crore: Digital Banking Rs 9,235.67 crore and Other Retail Rs 44,647.45 crore.^[2]
Wholesale Banking had the highest EBIT margin in FY26 at 9.8%, against 1.8% for Treasury and 0.4% for Retail Banking.^[4]

Loan book and deposits

Provisional figures for Q2 FY27 show loans and advances up 5.4% QoQ to Rs. 3,13,864 crore and total deposits up 3.8% QoQ to Rs. 3,23,697 crore.^[5]
Total loans and advances were Rs. 3,05,370 crore in Q1 FY27, up 20.6% YoY and 5.2% QoQ. Mortgage, vehicle, consumer and wholesale loans drove most of the growth.^[1]
Customer deposits were Rs. 2,99,405 crore in Q1 FY27, up 16.6% YoY. The CASA ratio rose to 50.8% (+283 bps YoY), from 49.8% as of March 31, 2026.^[1][2]
In Q1 FY27, average current account deposits grew about 30% YoY and average savings account deposits grew about 25% YoY.^[1]
The wholesale loan book grew 30% YoY to Rs. 57,884 crore in Q4 FY26. Loans to the top 20 single borrowers fell from 16% of the book in Mar-19 to 5% in Mar-26.^[6]
The microfinance (MFI) book was run down from Rs 13,344 crore to Rs 6,698 crore. The bank says the decline has bottomed out and the book will grow again under new guardrails.^[2]

Products and services

The bank says it leads in two-wheeler loans and is the largest bank in consumer durable loans (FY26).^[2]
The gold loan portfolio grew to Rs 3,915 crore as of March 31, 2026.^[2]
Credit cards in force passed 4 million in Q2 FY26, with the card book at Rs. 8,638 crore (+36.4% YoY). An IndiGo co-branded card was launched in Q2 FY26.^[7]
Wealth management AUM reached about Rs. 64,000 crore in Q1 FY27, up 24% YoY. The long-term AUM target is Rs. 2 - 3 lakh crore.^[1]
NRI deposits stood at Rs. 25,000 crore in Q1 FY27 (about 1.7% system share). FCNR(B) deposits raised reached Rs. 34,390 crore by Q2 FY27.^[1]
Forrester ranked the mobile app #1 in India. It was the only Indian bank among the global top five mobile banking apps, rated 4.9 on Google Play and 4.8 on the App Store (FY26).^[2]

Branches and distribution

The bank had 1,147 branches as of Q4 FY26 after adding about 80 in that quarter. It guides for the branch network to grow about 10% a year.^[6]
Since the merger the bank has added 941 branches and 938 ATMs, including 145 branches and 9 ATMs in FY26.^[2]
As of March 31, 2026 the bank had 1050 ATMs, 6,627 Micro-ATMs and 9 Digital Banking Units.^[2]
Its correspondent banking network covers 346 entities across 56 countries, and it runs an International Banking Unit in GIFT City (FY26).^[2]
Subsidiary IDFC FIRST Bharat sources microfinance loans for the bank and sourced Rs 8,216 crore of loans in FY26. It made a net loss of Rs 43.49 crore in FY26 as the MFI book shrank.^[2]
Retail deposits under the liquidity coverage ratio (LCR) framework reached 65% of deposits in Q2 FY26, up from 12% at the 2018 merger.^[7]

Customers

The bank serves over 34,000 startups, and its Privilege Banking program serves over 4 lakh customers (FY26).^[2]
The private wealth book, including deposit balances, grew 23% YoY to Rs 57,000 crore in FY26.^[2]

Asset quality and capital

Gross NPA improved to 1.51% in Q1 FY27 (−45 bps YoY, −10 bps QoQ) and net NPA to 0.44% (−11 bps YoY).^[1]
Credit cost fell from 2.69% in Q1 FY26 to 1.53% in Q1 FY27. The slippage ratio was 2.49% and PCR 71.48% in Q1 FY27.^[1]
Gross slippages fell 30% YoY and 2% QoQ in Q1 FY27, and collection efficiency was stable at 99.5%.^[1]
In Q1 FY27 the bank created a Rs. 515 crore contingency provision for geopolitical and macroeconomic risks. It also received a Rs. 514.8 crore CGFMU claim for MFI losses.^[1]
MFI SMA 1&2 accounts were at 0.71% in Q1 FY27, and MFI disbursements nearly doubled YoY.^[1]
The cost-to-income ratio excluding trading gains improved 310 bps YoY to 70.7% in Q1 FY27.^[1]
The CET-1 ratio was 13.33% in Q1 FY27. The FY26 annual report gives a CAR of 15.60% and CET1 of 13.73%.^[1][2]

Targets and guidance

FY27 NIM guidance was raised to about 5.8% (from 5.75%), and FY27 credit cost guidance was cut to 150 - 160 bps (from 170 - 180 bps).^[1]
The FY27 ROA target was raised to about 1%. The long-term ROA aspiration is 1.7 - 1.8%.^[1]
Over 4 - 5 years, the assets business C:I is targeted at about 50% (from 57.7%) and retail liabilities C:I at about 100% (from 148%), from Q1 FY27 levels.^[1]
The MFI book is targeted to grow 15% YoY in FY27. The bank expects to raise more capital in FY27.^[1]
The bank targets about 2.5% of an estimated $60 - 70 billion FCNR(B) inflow pool, offering a 6.75% FCNR rate.^[1]

Recent developments

Rs 7,500 crore raised through a preferential issue of CCPS converted to equity in October 2025. This lifted CET-1 from 12.28% to 14.23% in Q3 FY26.^[2][1]
The FY26 annual report says a fraud disrupted deposit growth only temporarily, and deposits grew 5.3% QoQ in the quarter ended June 30, 2026.^[2]
The FY26 annual report names West Asia conflict and oil prices, US tariffs, US student visas and an uneven monsoon as risks.^[2]

Market Cap

₹62,386 Cr

High / Low

₹90 / 58

Stock P/E

26.3

Price / Book

1.3

Book Value

₹45

EPS

₹1.9

No. of Shares

860.17 Cr

ROE

3.8%

Sales

₹40,549 Cr

Net Profit

₹1,611 Cr

Promoter holding

0.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

IDFC First Bank Ltd(IDFCFIRSTB)

About

Business segments

Loan book and deposits

Products and services

Branches and distribution

Customers

Asset quality and capital

Targets and guidance

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions