IDFC First Bank's loans grow 24.8% YoY in Q2, deposits up 35.9% YoY

Retail business comprised 66.4 per cent of overall funded assets as of September 30, says private lender

IDFC First Bank’s customer assets, or advances, rose by 24.8 per cent year-on-year (YoY) basis at Rs 1.45 trillion at the end of September 2022 (Q2 FY23). Sequentially, its asset book expanded by 5.6 per cent over Rs 1.37 trillion at end of June 2022 (Q1 FY23).

The YoY growth in deposits was higher 35.9 per cent, standing at Rs 1.14 trillion at the end of September 2022. Deposits grew 10.8 per cent sequentially over Rs 1.02 trillion in June 2022, according to the private lender’s filing with BSE. The share of low-cost money—Current Account and Savings Account (CASA)—in deposits