How was IDFC First Bank Q3 FY 23 Results

The IDFC First Bank Limited has posted it's Q3 FY 23 results on 21st January, 2023. 

The performance of the company has been excellent.

The company has reported Net Interest Income (NII) of Rs. 3, 285/- crores at a growth rate of 27% YOY. 

The company has also reported net profit of Rs. 605/- crores at a growth rate of 115% YOY.

The Company's has registered a tremendous growth of customer deposits. The total customer deposit was Rs. 38,455 crores at 31st December 2018. The total deposit of the bank is Rs. 1,23,578 Crores as at 31st December 2022 at a growth rate of 44% YOY.

The Bank has maintained a healthy CASA ratio at 50%.

The total loans given by the bank stood at Rs. 1,52,152 Crores at a growth rate of 25% YOY. Credit cards has grown at a rate of 89%. Digital and loans grew at a rate of 71% YOY. Vehicle loans grew at a rate of 50% YOY. The infrastructure loans book of the bank has considerably came down by 31% YOY. The Infrastructure loan book of the bank was Rs. 26,832/- crores as at 31st March 2018 and now it has reduced to Rs. 5,572 Crores as at 31st December, 2022.

In NPA also the bank is able to provide good numbers. The Gross NPA of the bank is 2.96% as at 31st December 2022. The gross NPA of the bank was at 3.96% during the same period last year.

The net NPA is at 1.03% and the same was at 1.74% during the samw period last year.

The Gross NPA and net NPA of the bank has improved during last one year.