IDFC First Bank Q2 FY27 Provisional: Loans Up 20.4%, Deposits Up 17%

IDFC First Bank has released provisional numbers for Q2 FY27, ending September 30, 2026. The bank mobilized ₹34,390 crore (~US$ 3.6 bn) of FCNR(B) deposits, with its IBU branch extending ₹24,885 crore (~US$ 2.6 bn) leverage to NRI customers, which was booked as FCNR(B) deposits in the domestic balance sheet. Excluding this leveraged FCNR(B), Loans & Advances grew by 20.4% YoY to ₹3,13,864 crore, and Total Deposits grew by 17.0% YoY to ₹3,23,697 crore. Customer Deposits saw a 17.6% YoY growth. The CASA Ratio stood at 51.3%. Including FCNR(B) on the IBU balance sheet, Gross Advances grew 29.9% YoY to ₹3,38,749 crore, and Total Deposits grew 25.9% YoY to ₹3,48,582 crore. The bank managed surplus liquidity by slowing deposit growth and reducing Certificates of Deposits. Bulk Rupee Term Deposits as a percentage of Total Deposits reduced structurally. The average Liquidity Coverage Ratio (LCR) for Q2-FY27 was 125%. Asset quality remains strong.