IDFC First Bank Ltd

IDFC First Bank has released its provisional financial numbers for the quarter ended June 30, 2026. Loans and Advances grew by 20.6% year-on-year to ₹3,05,488 Crore, while Total Deposits increased by 17.7% to ₹3,11,874 Crore. CASA Deposits saw a significant rise of 24.7% to ₹1,58,563 Crore, contributing to a CASA Ratio of 50.8%. The Credit-Deposit Ratio stood at 95.5%. The bank highlighted an improving asset quality compared to prior periods. These figures are provisional and subject to audit.

IDFC First Bank Ltd has announced that its Board of Directors will convene on July 25, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. These results will undergo a limited review by the joint statutory auditors. Concurrently, the trading window for designated persons and their immediate relatives will be closed from July 1, 2026, to July 27, 2026, inclusive, in compliance with SEBI's insider trading regulations.

IDFC First Bank has received the Forensic Review Report from KPMG regarding the fraudulent activities at its Chandigarh branch. The report confirms collusion involving bank employees, customer employees, and third parties, with a net principal amount of approximately ₹646 crore, aligning with previous disclosures. The bank has paid the amount and interest, recognizing it in Q4FY26, and is cooperating with investigative authorities. The bank has implemented enhanced preventive controls to strengthen its framework.

IDFC First Bank Ltd has received ₹514.82 crore from NCGTC under the Credit Guarantee Fund for Micro Units (CGFMU) Scheme, pertaining to its microfinance (MFI) portfolio. These MFI loans, lent to women entrepreneurs under the Joint Liability Group structure, were sanctioned up to March 2025. The payout represents approximately 100% of the claim submitted by the bank. As the bank had already made provisions for these MFI defaults, the received amount is expected to be a write-back of these provisions. Around 97% of new microfinance loan originations from January 2024 onwards are covered under the CGFMU Scheme.

IDFC First Bank's board approved the grant of 35,000,000 equity stock options to eligible employees as part of its FY26 annual reward strategy. The options will vest equally over four years, with a three-year exercise period. Additionally, Pankaj Singh was appointed as Chief Human Resources Officer (CHRO), effective April 27, 2026, succeeding Adrian Andrade, who will transition to strategic projects. The decisions were based on the Nomination & Remuneration Committee's recommendations.

The Board of Directors of IDFC First Bank has recommended a dividend of ₹0.25 per equity share (2.50% of face value) for the financial year 2025-26. This recommendation is subject to the approval of the shareholders at the upcoming Annual General Meeting and other necessary regulatory approvals. The board meeting was held today, commencing at 09:30 a.m. and concluding at 03:50 p.m.

IDFC FIRST Bank announced its financial results for the quarter and year ended March 31, 2026. Q4 FY26 PAT increased by 5% to ₹319 crore. Excluding a one-time incident, normalized PAT stood at ₹746 crore, up 145% YoY. Customer deposits grew 17.3% YoY, and loans and advances increased by 20.0% YoY. Gross NPA improved to 1.61%, and Net NPA improved to 0.48%. The bank's total customer business reached ₹5,74,731 crore.

IDFC First Bank Ltd. announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results, approved by the Board of Directors, come with an unmodified audit opinion from the Joint Statutory Auditors. The bank reported a fraud involving ₹645.59 crores related to embezzlement of deposit balances, which has been charged to the Profit and Loss account.

IDFC First Bank Ltd. announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results, approved by the Board of Directors, received an unmodified opinion from the Joint Statutory Auditors. The bank identified a fraud involving ₹645.59 crores related to embezzlement of deposit balances, which has been charged to the Profit and Loss account.

IDFC First Bank Ltd has rescheduled its earnings call for the quarter and financial year ended March 31, 2026. The call with analysts and investors will now be held on Saturday, April 25, 2026, at 05:00 p.m. Indian Standard Time (IST). Senior management will discuss the financial results with participants. Dial-in information and a pre-registration link have been provided. An audio replay/transcript will be available on the bank's website.