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An announcement from IDFC First Bank Ltd. ( (IN:IDFCFIRSTB) ) is now available.
IDFC First Bank Ltd. reported a substantial growth in its total business, with loans and advances increasing by 20.3% and customer deposits by 25.2% year-on-year as of March 31, 2025. The bank’s CASA deposits also saw a 24.8% rise, maintaining a stable CASA ratio. The credit-deposit ratio was reduced to 93.8% as the bank continues to retire legacy bonds and scale retail deposits, indicating a strategic focus on strengthening its financial position post-merger.
More about IDFC First Bank Ltd.
IDFC First Bank Ltd. operates in the banking industry, offering a range of financial services including loans, advances, and customer deposits. The bank focuses on retail and corporate banking, with a significant emphasis on scaling retail customer deposits.
YTD Price Performance: -10.80%
Average Trading Volume: 3,026,964
Current Market Cap: 418.5B INR
For a thorough assessment of IDFCFIRSTB stock, go to TipRanks’ Stock Analysis page.