| Company | Value | Change | %Change |
|---|
Customer deposits surged 28.8% year-on-year to ₹2,27,266 crore, up from ₹1,76,481 crore. CASA deposits rose sharply by 32.3% to ₹1,13,091 crore from ₹85,492 crore in the previous year, registering a 3.5% growth quarter-on-quarter. The CASA ratio improved to 47.8%, compared to 46.8% a year ago but was slightly lower than 48.9% in the preceding quarter.
The Credit-Deposit (CD) Ratio dropped to 95.7% in Q3 FY25, down from 101.4% in the same quarter last year and 97.7% in Q2 FY25. The bank highlighted its ongoing efforts to reduce the CD ratio since the merger of IDFC Bank and Capital First in December 2018 by retiring legacy borrowings and scaling up retail deposits. The incremental CD ratio for the past 12 months stood at 76.6%.
Also read: Bank of Baroda Q3 Update: Global Business rises 11.74% to ₹25.64 lakh crore
Total business, comprising loans and deposits, rose 25.2% year-on-year to ₹4,58,213 crore as of 31 December 2024, up from ₹3,65,956 crore.
Shares of IDFC First Bank ended 0.74% higher at ₹65.18 on Friday, with 13.81 lakh shares traded, amounting to a turnover of ₹8.93 crore. The stock has declined 24.3% over the past year and 19.4% in the last six months. The bank’s market capitalisation rose to ₹47,712 crore on the Bombay Stock Exchange.
