Earnings in line; credit costs near normalized levels

29 Apr 2024
5 Min read 
  • IDFC First Bank's 4QFY24 PAT at INR7.2b.
  •  NII grew 24% YoY, margins contracted 7bp QoQ to 6.35%.
  •  Opex grew 29.4% YoY, resulting in a C/I ratio of 72.8%.
  •  Gross advances rose 25.1% YoY, net advances rose 24.4% YoY.
  •  Deposits surged 39% YoY/10% QoQ, with CASA mix at 47.2%.
  •  Management expects deposits to grow above 30% going forward.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority

Click here to see your activities