Company Update : IDFC First Bank Ltd By Motilal Oswal Financial Services Ltd
Business growth healthy; CD ratio at 93.8%
IDFCFB released its business update for 4QFY25. Here are the key highlights:
* IDFCFB reported a 20.3% YoY (+4.7% QoQ) growth in loans and advances to INR2.4t in 4QFY25.
* Customer deposits jumped 25.2% YoY to INR2.43t (+6.7% QoQ).
* CASA deposits increased 24.8% YoY/4.6% QoQ.
* CASA ratio moderated to 46.9% in 4QFY25 from 47.7% in 3QFY25.
* CD ratio stood at 93.8% vs. 95.7% in 3QFY25. The bank has been bringing down the CD ratio continuously by retiring legacy (pre-merger) bonds & borrowings and by scaling retail customer deposits.
* The incremental CD ratio for the trailing 12 months, i.e., from Mar’24 to Mar’25, stood at 75.7%.
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