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IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore
Economic Times Stocks
Published 25 Oct 2026, 04:11 am IST
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AgenciesStrong loan growth boosted IDFC First Bank’s quarterly profit, despite pressure on margins.
Loans, including credit substitutes and FCNR(B)-backed lending, increased 30% year on year to Rs 3.5 lakh crore. Excluding loans secured by FCNR(B) deposits, loan growth was 22%, the bank said.
As a result, net interest income (NII) increased 21% to Rs 6,184 crore from Rs 5,113 crore a year ago.
Net interest margin (NIM) fell to 5.6% from 5.9% in the quarter ended June 2026, largely due to a 16-basis-point impact from loans given to garner FCNR(B) deposits.
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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