IDFC First Bank’s second-quarter net profit rose to ₹1,045 crore as higher income, improving asset quality and ₹34,390 crore in FCNR(B) deposits strengthened its performance.
IDFC First Bank reported a sharp rise in second-quarter profit on Saturday, helped by stronger income, better asset quality and firmer operating momentum. Net profit for the three months to September 30, 2026, climbed to ₹1,045 crore from ₹352 crore a year earlier, according to the bank’s regulatory filing.
The lender’s total income increased to ₹14,218 crore from ₹11,828 crore in the same quarter last year, while interest income rose to ₹11,922 crore from ₹9,937 crore. Financial Express and Moneycontrol both reported that the bank’s core performance improved during the period, with operating profit advancing and return on assets strengthening from the previous quarter.
Asset quality also moved in the right direction. Gross non-performing assets fell to 1.32% of gross advances from 1.86% a year earlier, while net NPAs eased to 0.4% from 0.52%, suggesting that bad-loan pressures remained contained. Moneycontrol also noted that gross NPAs improved from the preceding quarter, reinforcing the picture of a cleaner balance sheet.
The bank said its capital adequacy ratio improved to 14.67% from 14.11% a year earlier. It also said it mobilised ₹34,390 crore of FCNR(B) deposits during the quarter despite having no branch, subsidiary or representative office overseas, which it described as evidence of its digital reach and customer confidence. Financial Express and Moneycontrol said deposits and loan growth were both robust, pointing to continued expansion in the bank’s franchise.
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