IDFC First Bank Q2 profit surges 75% on higher core income, lower provisions
Published on 18/10/2025 05:43 PM
IDFC First Bank Q2 profit surges 75% on higher core income, lower provisionsProvisions for the quarter fell 12.5% sequentially to ₹1,452 crore from ₹1,659 crore in Q1 FY26, primarily due to lower provisions in the microfinance book.By Poonam Behura October 18, 2025, 5:43:22 PM IST (Published)1 Min ReadChoose CNBC TV18 on Google
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IDFC First Bank reported a 75.4% year-on-year rise in net profit to ₹352 crore for the September quarter, up from ₹201 crore a year ago, supported by higher net interest income, lower provisioning, and a strong rise in customer deposits.
Net interest income (NII) grew 6.8% year-on-year to ₹5,112.7 crore, while gross non-performing assets improved to 1.86% from 1.97% in the previous quarter. Net NPA declined to 0.52% from 0.55%.
Provisions for the quarter fell 12.5% sequentially to ₹1,452 crore from ₹1,659 crore in Q1 FY26, primarily due to lower provisions in the microfinance book.
The bank utilised ₹75 crore from its microfinance provision buffer as stress in the MFI business eased.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIDFC First Bankshare market today