IDFC First Bank Q3 Update: deposits rise 29% and Loans up 22%
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IDFC First Bank Ltd announced its Q3 updates. Total Business (Loans & Advances and Customer Deposits) grew from Rs. 3,65,956 crores as of December 31, 2023 to Rs. 4,58,213 crores as of December 31, 2024, YoY growth of 25.2%.
Loans & Advances grew from Rs. 1,89,475 crores as of December 31, 2023 to Rs. 2,30,947 crores as of December 31, 2024, YoY growth of 21.9%. The QoQ growth was 3.7%.
Customer Deposits grew from Rs. 1,76,481 crores as of December 31, 2023 to Rs. 2,27,266 crores as of December 31, 2024, YoY growth of 28.8%. The QoQ growth was 4.2%.
CASA Deposits increased from Rs. 85,492 crores as on December 31, 2023 to Rs. 1,13,091 crores as of December 31, 2024, YoY growth of 32.3%. The QoQ growth was 3.5%. CASA Ratio stood at 47.8% as of December 31, 2024 as compared to 46.8% as of December 31, 2023 and 48.9% as of September 30, 2024.
