IDFC First Bank Q2 profit jumps nearly three-fold to Rs 1,045 cr

New Delhi, Oct 24 (PTI) IDFC First Bank on Saturday reported a close to three-fold jump in net profit to Rs 1,045 crore for the second quarter ended September 30, 2026.

The lender had earned a net profit of Rs 352 crore in the year-ago period.

Total income rose to Rs 14,218 crore in the quarter under review from Rs 11,828 crore in the same period a year ago, IDFC First Bank said in a regulatory filing.

Interest income rose to Rs 11,922 crore from Rs 9,937 crore in the same quarter last year.

Asset quality of the bank improved with gross non-performing assets (NPAs) declining to 1.32 per cent of gross advances at the end of the September quarter 2026, as against 1.86 per cent a year ago.

Net NPAs or bad loans also moderated to 0.4 per cent, as against

0.52 per cent in the year-ago period.

The Capital Adequacy Ratio of the bank increased to 14.67 per cent, from 14.11 per cent at the end of September 2025.

During Q2 FY27, the bank mobilised Rs 34,390 crore (approximately USD 3.6 billion) of FCNR(B) deposits despite having no branch, subsidiary or representative office outside India.

This demonstrates the bank’s digital capabilities and the trust it enjoys among customers, it said. PTI DP MR