Company Update : IDFC First Bank By Motilal Oswal Financial Services Ltd
Business growth healthy; CD ratio at 95.7%
IDFCFB released its business update for 3QFY25. Here are the key highlights:
* IDFCFB reported 21.9% YoY growth (+3.7% QoQ) in loans and advances to INR2.31t in 3QFY25.
* Customer deposits grew by 28.8% YoY to INR2.27t (+4.2% QoQ).
* CASA deposits increased by 32.3% YoY/3.5% QoQ.
* CASA ratio moderated to 47.8% in 3QFY25 vs. 48.9% in 2QFY25.
* CD ratio stood at 95.7% vs. 97.7% in 2QFY25. The bank has been bringing down its CD ratio continuously by retiring legacy (pre-merger) bonds and borrowings and by increasing retail customer deposits.
* The incremental CD ratio for the trailing 12 months (Dec’23 to Dec’24) is 76.6%.
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