IDFC First Bank Ltd

📈 IDFC FIRST Bank Reports Strong Growth: Branch Network Up 5.6x, NIM at 5.75%

- Branch network expanded to 1,147 branches, a 5.6x increase since the merger

- Gross advances grew to ₹2,90,278 crore, a 20% year-on-year increase

- Customer deposits reached ₹2,84,453 crore, up 17.3% year-on-year

- Profit after tax (PAT) for FY26 was ₹1,636 crore, a 7.3% increase year-on-year

- Net interest margin (NIM) improved to 5.75% in FY26, up from 3.10% at merger

- Cost of funds decreased to 6.00% in Q4 FY26, down 180 basis points over 7 years

- Gross non-performing assets (GNPA) ratio improved to 1.61% as of March 2026

- Net non-performing assets (NNPA) ratio reduced to 0.48% as of March 2026

- Loan book diversification increased, with retail, agri, and MSME loans rising to 80% of the portfolio

- Mobile banking app received high ratings: 4.9 on Android and 4.8 on iOS