CLSA has maintained a Hold rating on IDFC First Bank with a target price of ₹75, suggesting a limited upside of around 6.2% from the current market price of ₹70.63.
The brokerage noted that while the bank’s Q1FY26 profit after tax missed estimates by 4%, the performance was not surprising given the broader trend among midcap banking peers this quarter. Elevated credit costs were seen across the sector, and IDFC First Bank was no exception.
Despite the miss, CLSA highlighted that both loan and deposit growth remained healthy during the quarter, and operating expenses were well managed — offering some comfort amid the margin pressures.
Disclaimer: This article is based on CLSA’s brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
