Branch2 Intelligence
IDFC FIRST Bank's loans grow 21%, deposits rise 18% in Q1; CASA ratio improves
Key takeaway
IDFC FIRST Bank reports 20.6% YoY loan growth and 17.7% deposit growth in Q1.
- Step 11st-order: IDFC FIRST Bank reports 20.6% loan growth and 17.7% deposit growth, with CASA ratio at 50.8%.
- Step 22nd-order: Improved CASA ratio lowers the bank's cost of funds, expanding net interest margin.
- Step 33rd-order: Higher NIM and loan growth drive earnings upgrades, supporting a re-rating of the bank's equity.
Source: CNBC TV18 (Markets)
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