IDFC First Bank’s profit after tax for Q3 FY25 was Rs 339 crore

Mumbai Mumbai. IDFC First Bank has reported strong financial performance for the third quarter of FY25, with profit after tax (PAT) at Rs 339 crore and core operating profit growing by 15% YoY. The Bank witnessed significant growth across key areas, including 28.8% growth in customer deposits and 22% growth in loans and advances. Despite challenges in the microfinance sector, the Bank’s asset quality remains stable, supported by a solid capital position following its recent mergers.

Financial Results
IDFC First Bank today announced unaudited financial results for the quarter and nine months ended December 31, 2024.

Deposits and Lending
-Customer deposits grew 28.8% YoY to Rs 1,76,481 crore as of December 31, 2023 from Rs 2,27,316 crore as of December 31, 2024.

Deposits and Lending
-Customer deposits grew 28.8% YoY to Rs 1,76,481 crore as of December 31, 2023 from Rs 2,27,316 crore as of December 31, 2024. – Retail deposits grew 29.6% y-o-y from Rs 1,39,431 crore as of December 31, 2023 to Rs 1,80,752 crore as of December 31, 2024.

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