IDFC FIRST Bank Reports Q2 FY27 PAT Of ₹1,045 Crore, Deposits Up 25.9%; Earns 'BBB-' Rating

On October 24, 2026, IDFC FIRST Bank disclosed its unaudited financial results for Q2 FY27, revealing a profit after tax (PAT) of ₹1,045 crore, an increase from the previous quarter. For the first half of FY27, the bank reported a PAT of ₹2,120 crore. The Return on Assets (ROA) for the first half of FY27 stood at 0.99%. The bank successfully raised $600 million through a maiden global bond issue, broadening its funding base.

Total deposits surged by 25.9% year-on-year and 11.8% quarter-on-quarter, reaching ₹3,48,583 crore. Loan and advance growth also increased by 30.1% year-on-year, totaling ₹3,46,913 crore. The Gross Non-Performing Asset (GNPA) ratio was 1.32%, while the Net Non-Performing Asset (Net NPA) ratio was 0.40%. Core operating profit, excluding trading gains, rose by 38.5% year-on-year to ₹2,527 crore in Q2 FY27.

Operating expenditure grew at a slower pace than income, resulting in an incremental cost-to-income ratio of 55% in H1 FY27, compared to 70.16% in Q2 FY27. FCNR(B) mobilisation amounted to ₹34,390 crore during Q2 FY27, which is anticipated to positively impact Net Interest Income (NII), PAT, Earnings Per Share (EPS), and Return on Equity (RoE).

As of September 30, 2026, IDFC FIRST Bank had over 40 million customers and operated through approximately 1,200 branches and digital channels, serving over 60,000 cities, towns, and villages. S&P Global Ratings assigned IDFC FIRST Bank an investment-grade long-term rating of BBB-.