IDFC FIRST Bank reported robust performance for the quarter and year ended March 31, 2025, with a significant uptick in both advances and deposits. The total business—which includes loans, advances, and customer deposits—rose 22.7% YoY, reaching Rs 4,84,394 crore, up from Rs 3,94,718 crore as of March 31, 2024.
The bank’s Loans and Advances grew 20.3% YoY to Rs 2,41,848 crore, while the Customer Deposits surged 25.2% YoY to Rs 2,42,546 crore. Quarter-on-quarter, loan growth stood at 4.7%, while deposits saw a 6.7% increase.
CASA (Current Account Savings Account) deposits rose from Rs 94,768 crore in the previous year to Rs 1,18,260 crore, marking a 24.8% YoY growth. However, the CASA ratio remained relatively stable at 46.9%, slightly down from 47.2% a year ago and 47.7% in the previous quarter.
The bank’s Credit-Deposit (CD) ratio improved to 93.8% from 98.4% in March 2024, indicating stronger deposit mobilisation relative to credit expansion. This reflects a continuing effort to reduce the CD ratio from its post-merger highs through retirement of legacy borrowings and a focus on retail deposits.
IDFC FIRST Bank’s total credit investment in corporate bonds and other instruments stood at Rs 5,398 crore as of March 31, 2025.
The detailed audited financial results will be released in the upcoming weeks.
