IDFC First Bank Ltd.PAT ₹1,045 Cr, FCNR inflow of ₹34,390 Cr, NIM 5.58%

IDFC First Bank's Q2 FY27 call, held on 24 October 2026, showed a profit above ₹1,000 crore for the second straight quarter alongside a large FCNR(B) deposit inflow.

Profit after tax was ₹1,045 crore, up 196.5%, and core profit was ₹1,036 crore. The bank mobilised ₹34,390 crore, or $3.6 billion, of FCNR(B) deposits, lent about ₹25,000 crore of it to NRI customers, and raised a debut $950 million bond after winning investment-grade international ratings. Loans grew 30.1%, or 22.2% excluding FCNR-backed loans, and deposits grew 25.9%. Net interest margin fell to 5.58% from 5.90% on FCNR lending, excess liquidity, asset mix and an extra day, and management expects about 5.8% by Q4. Gross NPAs eased to 1.32% and credit cost to 1.38%, and incremental cost-to-income is about 55%.

Management said an IRDAI paper on insurance commissions would cut fee income but can be offset by the FCNR benefit and repo hikes, and it reaffirmed credit cost guidance of 1.5% to 1.6%. Of 14 earlier promises, 9 were met, beaten, on track or ahead, 2 were partly met, 1 was missed and 2 are not yet visible.