IDFC Bank's Q4 update: Deposits soar 17% to ₹2.84L crore
What's the story
IDFC First Bank has reported a significant increase in its customer deposits for the quarter ending March 31, 2026. The bank's deposits rose by a whopping 17.2% year-on-year to ₹2.84 lakh crore, compared to ₹2.42 lakh crore in the same period last year. This growth comes despite several challenges like year-end advance tax outflows, a tight liquidity environment, and the ongoing West Asia crisis for over a month now.
Loan surge
Loans and advances see significant growth
Along with the rise in customer deposits, IDFC First Bank's loans and advances have also grown significantly. The bank's loans and advances grew by 20% year-on-year to ₹2.90 lakh crore as of March 31, 2026. This is a major jump from ₹2.42 lakh crore during the same period last year, further highlighting the bank's robust financial performance during this quarter.
Ratio improvement
CASA ratio improves to nearly 50%
The Current Account Savings Account (CASA) ratio of IDFC First Bank has also improved significantly. As of March 31, 2026, the bank's CASA ratio stood at an impressive 49.8%, up from last year's 46.9%.
Account stability
Consistent customer acquisition trend
IDFC First Bank has also noted that the number of new accounts opened during March 2026 was in line with previous months. This consistency indicates a stable trend in customer acquisition for the bank. The average customer deposits also increased sequentially during this quarter, further reflecting sustained deposit mobilization efforts by IDFC First Bank amid challenging market conditions.