Business Standard

IDFC First Bank progressing on its promises after performance lull

Reasonable improvement in deposit accretion and sharp increase in profitability are the key achievements in Sept quarter

Illustration by Binay Sinha

Illustration by Binay Sinha

Hamsini Karthik
After a prolonged period of underperformance operationally and at the bourses, things seem to be in the mend for IDFC First Bank. The September quarter (Q2) results throw up three developments to indicate the improvement – better mix of retail assets, sharp rise in deposits and an increase in profitability.
The share of wholesale loans fell from 87 per cent last year to 55 per cent in Q2, with exposure to this segment down by about Rs 10,000 crore. Also, the share of retail loans, which largely came from the merger with Capital First, rose to 45 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 29 2019 | 6:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to