IDFC FIRST Bank Q2 FY27: PAT up 196.5% YoY to ₹1,045 crore; S&P assigns debut investment-grade BBB- rating
IDFC FIRST Bank mobilised ₹34,390 crore of FCNR(B) deposits in Q2 FY27, with no branch or office outside India.
By ScoutQuest · · 1 min read
- PAT growth Q2 FY27
- up 196.5% YoY
- Total deposits Q2 FY27
- grew 25.9% YoY and 11.8% QoQ to ₹3,48,583 crore
- S&P Global Ratings long-term rating
- debut investment-grade long-term rating of 'BBB-'
- Release
- Results press release
- Period
- Q2 FY27
_Basis not stated · Q2 & H1 FY27_
📊 PAT, Q2 FY27: up 196.5% YoY
📌 Total deposits grew 25.9% YoY and 11.8% QoQ to ₹3,48,583 crore (reported earlier), and loans and advances grew 30.1% YoY to ₹3,46,913 crore, or 22.2% excluding loans secured by FCNR(B) deposits.
📉 Average CASA ratio declined to 48.4% in Q2 FY27 from 50.1%, which the bank attributes to the large mobilisation of FCNR(B) deposits during the quarter.
🏭 The bank says FCNR(B) mobilisation is optically NIM-dilutive because the balance sheet expanded by ₹24,885 crore as loans were extended by the IBU branch against FCNR(B) deposits, though it should benefit NII, PAT, EPS and RoE.
Also from IDFC First Bank
IDFC FIRST Bank Q2 FY27: loan assets up 30% YoY to Rs. 3,46,913 Cr, PAT Rs. 1,045 Cr up 196.5% YoY
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More numbers
- PAT, Q2 FY27₹1,045 crore
- PAT, H1 FY27₹2,120 crore
- Return on Assets, H1 FY270.99%
- Core cost-to-income ratio, Q2 FY2770.16%
- Incremental cost-to-income ratio, H1 FY2755%
- Credit cost as a percentage of average assets1.01%
- Total deposits₹3,48,583 crore
- Loans and advances₹3,46,913 crore
- Average CASA ratio, Q2 FY2748.4%
- FCNR(B) deposits mobilised, Q2 FY27₹34,390 crore
- Core operating profit excluding trading gains, Q2 FY27₹2,527 crore
- Balance sheet expansion from FCNR(B)-backed loans, Q2 FY27₹24,885 crore
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