IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore

What happened: IDFC First Bank reported Q2 profit nearly tripling to Rs 1,045 crore, with loans including credit substitutes and FCNR(B)-backed lending up 30% year on year. Key numbers: Profit Rs 1,045 crore. Loans Rs 3.5 lakh crore, up 30%; 22% excluding FCNR(B)-secured loans. NII Rs 6,184 crore, up 21% from Rs 5,113 crore. NIM 5.6% versus 5.9% in the quarter ended June 2026, with a 16-basis-point impact from FCNR(B) deposit-linked loans. Why it matters: Net interest income rose alongside loan growth, while the bank said the NIM decline was largely due to the FCNR(B) deposit-linked lending.

IDFC First Bank reported Q2 profit nearly tripling to Rs 1,045 crore, with loans including credit substitutes and FCNR(B)-backed lending up 30% year on year.

Net interest income rose alongside loan growth, while the bank said the NIM decline was largely due to the FCNR(B) deposit-linked lending.