IDFC FIRST Bank's Profits Rise Amid Strong Loan Growth

IDFC FIRST Bank announced its audited financial results for the quarter and year ending March 31, 2026, highlighting a significant year-on-year growth. The Board of Directors approved a noteworthy rise in profits and a decrease in non-performing assets, reflecting the bank's strong operational performance.

The bank witnessed an 18.6% increase in total customer business and a 20.0% rise in loans and advances year-on-year. The improvement in asset quality is evident with Gross NPA reduced to 1.61% from 1.87% last year, and Net NPA standing at 0.48%, signaling robust recovery and credit management.

Net Interest Margin for the quarter showed a minor increase, indicating the bank's efficient lending practices. The Chief Executive assured stakeholders of continued growth, backed by digital banking initiatives and a growing customer base, despite an industry-wide challenge in the micro-finance sector.

(With inputs from agencies.)