IDFC FIRST Bank profit nearly tripled to ₹1,045 crore in the quarter ended September 30, 2026, from ₹352 crore a year earlier. The lender announced the second-quarter FY27 results on October 24, reporting higher income, lower bad-loan ratios and a stronger capital adequacy ratio.
Key Takeaways
- Net profit rose about 197% year on year, substantially faster than income.
- Gross and net bad-loan ratios both declined from September 2025 levels.
- The bank mobilised ₹34,390 crore in FCNR(B) deposits during Q2 FY27.
Table of Contents
- IDFC FIRST Bank profit growth outpaces income
- Bad-loan ratios fall as capital adequacy improves
- Foreign-currency deposits add to quarterly funding
- Conclusion
IDFC FIRST Bank profit growth outpaces income
Quarterly net profit increased by ₹693 crore from the year-earlier period. Total income grew about 20.2%, while interest income rose approximately 20%.
The comparison shows that bottom-line earnings expanded much faster than the bank’s income base. The available figures do not provide a detailed breakdown of costs, provisions or other factors explaining that difference.
| Item | Details |
|---|---|
| Total income | Q2 FY27: ₹14,218 crore; year-earlier quarter: ₹11,828 crore. |
| Interest income | Q2 FY27: ₹11,922 crore; year-earlier quarter: ₹9,937 crore. |
| Gross NPA ratio | September 2026: 1.32%; September 2025: 1.86%. |
| Net NPA ratio | September 2026: 0.40%; September 2025: 0.52%. |
| Capital adequacy ratio | September 2026: 14.67%; September 2025: 14.11%. |
Bad-loan ratios fall as capital adequacy improves
The gross non-performing asset ratio declined by 0.54 percentage points year on year, while the net NPA ratio fell by 0.12 percentage points. These measures indicate that problem loans represented a smaller share of advances at the end of September 2026.
The capital adequacy ratio increased by 0.56 percentage points over the same period. The improvement accompanied the stronger earnings, although the disclosed figures do not establish how much each factor contributed to the change in capital adequacy.
Foreign-currency deposits add to quarterly funding
IDFC FIRST Bank said it mobilised ₹34,390 crore, approximately $3.6 billion, of FCNR(B) deposits during Q2 FY27 despite having no branch, subsidiary or representative office outside India. The bank attributed the mobilisation to its digital capabilities and customer trust.
The bank’s FCNR deposit product details explain that these fixed deposits allow non-resident Indians to hold savings in foreign currencies. Both principal and interest are fully repatriable. This describes the deposit offering rather than verifying the amount raised during the quarter.
Conclusion
IDFC FIRST Bank’s September-quarter results combined sharply higher profit with improved asset-quality and capital ratios. The next quarterly results will show whether earnings growth and the decline in bad-loan ratios continue.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
