IDFC First Bank’s net profit grew threefold to Rs 1,045 crore in the quarter ended September 2026 from Rs 352 crore a year ago due to strong growth in both loans and fees.
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.
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IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore
IDFC First Banks Q2 net profit tripled to Rs 1,045 crore, supported by strong loan and fee growth. Net interest income rose 21%, while net interest margin declined to 5.6%.
- Published by
- The Economic Times
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- 122 words · 1 min
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This story was first published by The Economic Times on 25 Oct 2026. HUE Legacy Ventures did not write it.
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