IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IDFC First Bank reported a net profit of Rs 1,045 crore for the quarter ended September 2026, nearly tripling from last year.
- ✓Strong loan and fee growth helped the bank, as net interest income rose 21% to Rs 6,184 crore.
- ✓However, the net interest margin fell to 5.6% this quarter.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
IDFC First Bank's Q2 net profit tripled to Rs 1,045 crore, supported by strong loan and fee growth. Net interest income rose 21%, while net interest margin declined to 5.6%.
IDFC First Bank's net profit grew threefold to Rs 1,045 crore in the quarter ended September 2026 from Rs 352 crore a year ago due to strong growth in both loans and fees.
Loans, including credit substitutes and FCNR(B)-backed lending, increased 30% year on year to Rs 3.5 lakh crore. Excluding loans secured by FCNR(B) deposits, loan growth was 22%, the bank said.
As a result, net interest income (NII) increased 21% to Rs 6,184 crore from Rs 5,113 crore a year ago.
Net interest margin (NIM) fell to 5.6% from 5.9% in the quarter ended June 2026, largely due to a 16-basis-point impact from loans given to garner FCNR(B) deposits.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.