Date: October 05, 2026

Business Update Summary

Quarterly Business Performance - Q2 FY27 (September 30, 2026)

FCNR(B) Deposit Mobilization:

  • The Bank mobilized Rs. 34,390 crore (~US$ 3.6 bn) of FCNR(B) deposits during the quarter ending September 30, 2026
  • Of this amount, the IBU branch extended leverage of Rs. 24,885 crore (~US$ 2.6 bn) to NRI customers
  • This leveraged amount of Rs. 24,885 crore was booked as FCNR(B) deposits in the domestic Balance Sheet

Excluding Leveraged FCNR(B) Performance:

Customer Deposits & Loans Growth (excluding leveraged FCNR(B) of Rs. 24,885 crore):

  • Loans & Advances: Rs. 3,13,864 crore as of September 30, 2026 (vs. Rs. 2,97,834 crore as of June 30, 2026) - QoQ growth of 5.4%
  • Loans & Advances: Rs. 3,13,864 crore as of September 30, 2026 (vs. Rs. 2,60,690 crore as of September 30, 2025)
  • Total Deposits (excluding Certificate of Deposits): Rs. 3,16,529 crore as of September 30, 2026 (vs. Rs. 2,99,405 crore as of June 30, 2026) - QoQ growth of 5.7%
  • Total Deposits: Rs. 3,23,697 crore as of September 30, 2026 (vs. Rs. 3,11,892 crore as of June 30, 2026) - QoQ growth of 3.8%
  • Total Deposits: Rs. 3,23,697 crore as of September 30, 2026 (vs. Rs. 2,76,771 crore as of September 30, 2025)

Including FCNR(B) Performance:

Gross Advances (Overall Bank Level):

  • Gross Advances: Rs. 3,38,749 crore as of September 30, 2026
  • QoQ growth: 13.7%
  • YoY growth: 29.9%
  • Note: These numbers do not include credit substitutes like Bonds, PTCs, etc.

Deposits (Overall Bank Level):

  • Total Deposits: Rs. 3,48,582 crore as of September 30, 2026
  • QoQ growth: 11.8%
  • YoY growth: 25.9%
  • CASA ratio: 47.6% as on September 30, 2026
  • Customer Deposits: Rs. 3,41,414 crore as of September 30, 2026
  • QoQ growth: 14.0%
  • YoY growth: 26.9%

Key Ratios & Metrics:

  • Domestic Credit Deposit ratio: 89.9% as on September 30, 2026 (excludes advances and deposits of the IBU branch)
  • Bulk Rupee Term Deposits (>= Rs. 3 crore) as % of Total Deposits:
  • September 30, 2026: 13.9%
  • June 30, 2026: 17.1%
  • September 30, 2025: 18.2%
  • Liquidity Coverage Ratio (LCR):
  • Q2 FY27 average: 125%
  • Q1 FY27: 116%

Liquidity Management Strategy:

  • Due to strong FCNR(B) deposit flows during the quarter and consequent excess liquidity, the bank slowed down deposit growth
  • The bank reduced Certificate of Deposits to manage surplus liquidity
  • The reduction in bulk term deposits from 17.1% to 13.9% has structurally strengthened the balance sheet

Asset Quality:

  • The asset quality of the Bank continues to remain strong

Data Qualification:

  • All figures as of September 30, 2026 are provisional and subject to audit by the statutory auditors of the Bank

Satish Gaikwad, General Counsel & Company Secretary, IDFC FIRST Bank Limited