IDFC First Bank Q3 Update: Lender reports 25% YoY growth in total business to Rs 4,58,213 crore

IDFC First Bank on Friday posted its business update for the quarter ended December 31, 2024, with its total business expanding by 25.2% year-on-year (YoY) to Rs 4,58,213 crore.

The private sector lender witnessed healthy growth in its loan book, with advances rising 21.9% year-on-year to Rs 2,30,947 crore. On a sequential basis, the loan growth stood at 3.7% compared to the previous quarter.

The bank's CASA (current account savings account) deposits increased significantly by 32.3% YoY to Rs 1,13,091 crore. Meanwhile, the CASA ratio stood at 47.8% for the quarter ended December 2024, showing a slight improvement from 46.8% in the previous year, although marginally lower than the 48.9% reported in September 2024.


Customer deposits showed a strong momentum, growing 28.8% YoY to Rs 2,27,266 crore and a quarterly growth of 2.2%.

In a notable development, the bank has successfully brought down its credit-deposit (CD) ratio to 95.7% from 101.4% a year ago.

“The bank has been bringing down the credit-deposit ratio continuously since merger between IDFC Bank and Capital First in December 2018, by retiring legacy (pre-merger) bonds & borrowings and by scaling retail customer deposits,” said the bank in its update.

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The business update was shared by the bank near the market’s closing hours, post which, the stock ended the day 0.74% higher at Rs 65.18 on the BSE.

In the last one year, IDFC First Bank shares have fallen by 24.3% and by 19.4% in the last 6 months.

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