IDFC First Bank's Q2 profit nearly triples to ₹1,045 crore
According to Moody's, IDFC First Bank nearly tripled its quarterly net profit to ₹1,045 crore, while asset quality improved and capital ratios rose.
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what happened
IDFC First Bank posted a net profit of ₹1,045 crore for the July-to-September quarter, nearly three times the ₹352 crore it earned a year earlier, according to Moody's. The lender's total income climbed to ₹14,218 crore from ₹11,828 crore, while interest income reached ₹11,922 crore versus ₹9,937 crore.
Asset quality got better as gross non-performing assets fell to 1.32% of gross advances from 1.86%, and net NPAs eased to 0.4% from 0.52%. The capital adequacy ratio rose to 14.67%, up from 14.11% a year earlier.
The bank also raised ₹34,390 crore (about $3.6 billion) through FCNR(B) deposits, even though it has no overseas branch, subsidiary or representative office. The bank credited its digital capabilities and customer confidence for the result.
why it matters
For markets, the report signals gradual improvement in credit quality at Indian lenders, with lower bad loans and stronger capital supporting the balance sheet. However, one bank's numbers do not set the direction for the wider Nifty Bank index.
market impact
Indian banks: strong earnings and a cleaner loan book support sentiment around IDFC First Bank shares
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instruments
sources
- IDFC First Bank Q2 profit jumps nearly three-fold to ₹1,045 cr — Moody's, 24 October 2026 at 16:28 UTC
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