ScoutQuest8 Oct 2026
IDFC First Bank539437Credit rating maintained/reaffirmed

Brickwork reaffirms BWR AA+/Stable on IDFC First Bank's Rs.406.90 crore non-convertible debentures

BWR AA+Reaffirmed · Brickwork Ratings
Reaffirmed by Brickwork Ratings · BWR AA+ · outlook Stable.
Rating Action
BWR AA+/Stable reaffirmed (previous: BWR AA+/Stable, 08 Oct 2025)
NCDs Rated
NCDs of Rs.406.90 crore (down from Rs.621 crore on redemption)
Asset Quality
GNPA 1.51%/NNPA 0.44%, CRAR 15.05%
Agency
Brickwork Ratings
Action
Reaffirmed

Brickwork reaffirms BWR AA+/Stable on IDFC First Bank's Rs.406.90 crore non-convertible debentures.

Previous rating date
Rating rationale date
Disclosure letter date
Previous rating date 8 Oct 2025 · Rating rationale date 7 Oct 2026 · Disclosure letter date 8 Oct 2026
More numbers
  • Outstanding NCDs rated - present amount406.90 (Rs. crores)
  • Outstanding NCDs rated - previous amount621.00 (Rs. crores)
  • Total CRAR15.05%
  • CET-1 ratio13.33%
  • Capital raised from marquee investors in Q2FY2026Rs.7500 crores
  • Gross NPA (GNPA) ratio as of 30 June 20261.51%
  • Net NPA (NNPA) ratio as of 30 June 20260.44%
Source: BSE · 8 Oct 2026

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