The bank’s PAT was reported at Rs 339 crore for Q3FY25 versus Rs 716 crore for the year-ago period.
Meanwhile, the Net Interest Margin (NIM) of the Bank stood at 6.04% for Q3-FY25 as compared to 6.18% in Q2-FY25, largely due to a decline in the micro-finance business and increase in composition of wholesale banking business.
As of the asset quality, IDFC First Bank’s gross NPA ratio stood at 1.94% as of December 31, 2024, compared to 2.04% a year earlier while Net NPA ratio was 0.52% for the third quarter, down from 0.68% in Q3FY24.
The bank’s customer deposits saw a robust increase of 28.8% year-on-year, rising from Rs 1,76,481 crore as of December 2023, to Rs 2,27,316 crore for the third quarter of FY25.
The Current Account and Savings Account (CASA) deposits also showed remarkable growth, surging by 32.3% YoY to Rs 1,13,078 crore from Rs 85,492 crore in the same quarter of the previous financial year. Further, the CASA ratio stood at a healthy 47.7%.Gross slippage for Q3 FY25 increased to Rs 2,192 crore from Rs 2,031 crore in Q2 FY25, primarily driven by a Rs 143 crore increase in the microfinance segment. Slippage remained stable in the core Retail, MSME, Agri, and Corporate loan businesses, which constitute 95% of the bank’s total book.Additionally, the bank informed that the provisions for Q3 FY25 reached Rs 1,338 crore, primarily due to higher slippages in the microfinance portfolio. Provisions for the non-microfinance book remained stable.
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