Stock Below Rs 100: Private Sector Bank Reports 21% Growth in Loans and Advances in Q1 FY27
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IDFC FIRST Bank reported 20.6 per cent YoY growth in loans and advances, while CASA deposits increased 24.7 per cent during the quarter ended June 30, 2026
✨ Key Takeaways
On Friday, Indian benchmark indices traded higher, with the Nifty 50 index gaining 0.39 per cent to 24,270.80. Amid the broader market strength, IDFC FIRST Bank share price traded at Rs 80.46, up 1.18 per cent, after the bank released its provisional business update for the quarter ended June 30, 2026.
IDFC FIRST Bank Q1 FY27 Business Update
IDFC FIRST Bank reported Loans and Advances of Rs 3,05,488 crore as of June 30, 2026, registering a 20.6 per cent year-on-year and 5.2 per cent quarter-on-quarter growth.
Total Deposits increased to Rs 3,11,874 crore, reflecting a 17.7 per cent YoY and 5.9 per cent QoQ growth during the quarter.
CASA Deposits Continue to Grow
The bank's CASA (Current Account Savings Account) deposits stood at Rs 1,58,563 crore, up 24.7 per cent YoY and 8.1 per cent QoQ.
The CASA ratio improved to 50.8 per cent from 48.0 per cent a year ago and 49.8 per cent in the previous quarter. Meanwhile, the Credit-to-Deposit Ratio stood at 95.5 per cent, compared with 93.4 per cent in the corresponding quarter last year.
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IDFC FIRST Bank Asset Quality
The bank stated that its asset quality continued to improve compared with previous periods. It also clarified that the loans and advances figure includes credit investments in corporate bonds, Pass Through Certificates (PTCs) and Security Receipts (SRs).
About IDFC FIRST Bank
IDFC FIRST Bank Ltd is a leading private sector bank in India, offering a comprehensive range of banking and financial services to retail, MSME and corporate customers. Its product portfolio includes savings and current accounts, home loans, personal loans, business banking, credit cards, wealth management and digital banking solutions.
The bank has a nationwide presence through an extensive network of branches and ATMs and continues to focus on expanding its retail loan franchise and low-cost deposit base. It also emphasises technology-led banking, customer-centric products and prudent risk management while strengthening asset quality and driving sustainable growth.
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Disclaimer: The article is for informational purposes only and not investment advice.