Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q4 FY25 Earnings Presentation
99 slides from Idfc First Bank's earnings presentation, Apr 26, 2025
Slide 1: Exchange filing cover letter
IDFCFIRSTBANK/SD/28/2025-26 April 26, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C - 1, G - Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) Dalal Street, Fort Mumbai 400 051 Mumbai 400 001 NSE - Symbol: IDFCFIRSTB BSE - Scrip Code: 539437 S
Slide 2: Investor Presentation – Q4 FY25
Investor Presentation – Q4 FY25
Slide 3: Our Vision
IDFC FIRST Bank Our Vision TO BUILD A WORLD CLASS BANK IN INDIA, GUIDED BY ~~ ETHICS, 9 POWERED BY ~. TECHNOLOGY, AND BE A FORCE FOR Sefo SOCIAL GOOD @
Slide 4: Key Highlights of FY25
Key Highlights of FY25 • Strong growth of 25.2% YoY in Customer Deposits to reach Rs. 2,42,543 crores Deposits • 26.4% YoY growth in Retail Deposits to reach Rs. 1,91,268 crore • Strong growth of 24.8% YoY in CASA deposits • Total Loan Book grew 20.4% YoY to Rs. 2,41,926 crore. Loans & • Retail, Rur
Slide 5: Key Highlights of FY25
Key Highlights of FY25 • Provisions for FY25 stood at Rs. 5,515 crore (2.46% of loan book) primarily driven because of the higher provisioning in the microfinance book • Excluding microfinance and one legacy infrastructure toll account, the credit cost for FY25 was at 1.76%, for Q4-FY25 it has impro
Slide 6: Table of Contents
1 Building a Universal Bank 5 2 Deposits and Borrowings 13 3 Diversified Loan Portfolio 25 4 Robust Risk Framework 32 TABLE 5 Microfinance Business 47 OF 6 Digital Capabilities 52 CONTENTS 7 Profitability & Capital 59 8 Credit Rating 75 9 Board of Directors 77 10 Progress on ESG 80 11 Awards & Recog
Slide 7: IDFC FIRST Bank created by merger of IDFC Bank and Capital First
Section 1: Building a Universal Bank IDFC FIRST Bank was created by merger of IDFC Bank and Capital First in December 2018 • IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. • Erstwhile IDFC Bank started its operation as a Bank after
Slide 8: Profitability and balance sheet since merger
Section 1: Building a Universal Bank IDFC FIRST Bank was created by merger of IDFC Bank and Capital First in December 2018 IDFC FIRST Bank, IDFC FIRST Bank Change Parameters Erst. CAPITAL FIRST Erst. IDFC Bank (30-Sep-2018) (30-Sep-2018) (on merger) (now) Since (31-Dec-2018) (31-Mar-2025) Merger Loa
Slide 9: Key initiatives post merger
Section 1: Building a Universal Bank Post merger, the Bank undertook key initiatives to address the challenges and create necessary building blocks for future growth over the last 6 years.. We are happy to share that IDFC FIRST Bank has made significant progress on all counts during the last 6 years
Slide 10: Bank has launched and scaled up many new products
Section 1: Building a Universal Bank Bank has launched and scaled up many new products From FY19 onwards, the Bank Some of the Key New Products Launched Post-Merger Current Accounts Variants launched a number of products in the areas of loans, Agri / Farmer Loans deposits, fee-based products Forex S
Slide 11: Full suite of universal banking products
Section 1: Building a Universal Bank The Bank now has built a full Suite of Universal Banking Products.. Corporate Lending Retail Lending Solutions Working Capital demand Loans, Cash Credit, Term Home Loans, vehicle Loans, Consumer Loans, Education Loans, Personal Loans, Corporate Bonds / NCDs, Fore
Slide 12: Strong franchise of 36 M customers
Section 1: Building a Universal Bank Bank has built a strong franchise of 36 M customers Total Unique Customers Credit Cards in Force 35.5Mn 3.5M 9.3Mn - Mar-19 Mar-25 Mar-19 Mar-25 NRI Customers Wealth Management Customers 2,30,000 98,310 3,641 5,500 Mar-19 Mar-25 Mar-19 Mar-25 1. Credit Cards busi
Slide 13: Expanding customer franchise in SME & Corporate Banking
Section 1: Building a Universal Bank Expanding customer franchise in SME & Corporate Banking Start-up Banking Customers Business Banking Customers 9,448 25,389 1,732 - Mar-19 Mar-25 Mar-19 Mar-25 FASTag Customers 16.2Mn CMS Relationships 3,545 1,153 0.1Mn Mar-19 Mar-25 Mar-19 Mar-25 11
Slide 14: Bank has set-up 1,002 branches across India
Section 1: Building a Universal Bank Bank has set-up 1,002 branches across India • IDFC FIRST Bank Branches and ATMs are spacious, digitally equipped, and customer friendly staff. • The Bank intends to grow the branch network by 10% each year in near term. • Bank grew its branch network 5X from 206
Slide 15: Section 2: Deposits and Borrowings
Section 2: Deposits and Borrowings
Slide 16: Strong growth in Customer Deposits
Section 2: Deposits & Borrowings Strong growth in Customer Deposits, YoY growth of 25% In Rs. Crore Customer Deposits 2,42,543 Mar-25 vs Mar-24 Rs. 48,791 Cr 25.2% Mar-25 vs Dec-24 Rs. 15,228 Cr 6.7% 1,93,753 1,36,812 93,214 82,725 57,719 38,455 40,504 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-2
Slide 17: Strong growth in Retail Deposits
Section 2: Deposits & Borrowings Strong growth in Retail Deposits, YoY growth of 26% In Rs. Crore Retail Deposits 1,91,268 Mar-25 vs Mar-24 Rs. 39,925 Cr 26.4% Mar-25 vs Dec-24 Rs. 10,516 Cr 5.8% 1,51,343 1,03,870 68,035 63,894 33,924 10,400 13,214 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Ma
Slide 18: Strong growth in CASA Deposits
Section 2: Deposits & Borrowings Strong growth in CASA Deposits, YoY growth of 25% In Rs. Crore CASA Deposits 1,18,237 Mar-25 vs Mar-24 Rs. 23,469 Cr 24.8% Mar-25 vs Dec-24 Rs. 5,159 Cr 4.6% 94,768 71,983 51,170 45,896 20,661 7,893 5274 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 16
Slide 19: CASA Ratio Stable at ~47%
Section 2: Deposits & Borrowings CASA Ratio Stable at ~47% CASA Ratio as of 31st December 2024 was 47.7% 51.7% 49.8% 48.4% 47.2% 46.9% 31.9% 11.4% 8.7% Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 17
Slide 20: Diversified liabilities base with 79% Retail Customer Deposits
Section 2: Deposits & Borrowings Bank has a highly diversified liabilities base with 79% Retail Customer Deposits • It is a strategic priority of the Bank to diversify the deposits by raising retail deposits. • Retail Deposit customers get used to transactions, id, passwords, RMs, branch services, a
Slide 21: Deposits & Borrowings Details
Section 2: Deposits & Borrowings Deposits & Borrowings Details Particulars (in Rs Cr) Mar-24 Dec-24 Mar-25 YoY Growth Legacy Long Term & Infrastructure Bonds 10,132 6,068 4,215 -58.4% Refinance & Other Borrowings 19,213 26,326 23,450 22.1% Tier II Bonds 4,500 4,500 4,500 0.0% Total Borrowings (A) 33
Slide 22: Reduced Cost of Funds by 132 bps since merger
Section 2: Deposits & Borrowings Bank has reduced Cost of Funds by 132 bps since merger Cost of Funds 7.80% • The Cost of Funds of the Bank reduced from 7.80% at 6.48% merger to 6.48%, a reduction of 132 bps which demonstrates the Bank’s ability to raise low-cost deposit at scale. • Cost of Funds fo
Slide 23: Retail Deposits and CASA to wind down Borrowings
Section 2: Deposits & Borrowings The Bank has raised Retail Deposits and CASA to wind down Borrowings and Certificate of Deposits Composition of Total Deposits & Borrowings* Rs. 2,84,231 crore • Borrowing and Certificate of Deposits together as % of total 42% deposits & Borrowings has reduced from 6
Slide 24: Reliance on borrowings has declined meaningfully
Section 2: Deposits & Borrowings Reliance on borrowings has declined meaningfully, completing the liability side transformation Borrowings (Excluding Money Market) as a % of total Deposits & Borrowings 48% 44% 44% 31% 27% 22% 14% 11% Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 22
Slide 25: Running down legacy high-cost long-term borrowings
Section 2: Deposits & Borrowings Bank continues to run down the Legacy high-cost long-term borrowings • Because we have a DFI background, the legacy borrowings are costing the bank 8.76%. The Bank plans to replace this with low- cost deposits. Maturity of Legacy Borrowings FY26 Rs. 4,495 Crore 57,65
Slide 26: Credit Deposit Ratio reduced from 137% to below 94%
Section 2: Deposits & Borrowings Credit Deposit Ratio has reduced from 137% to below 94% CD Ratio (Gross Advances & Credit Substitutes) CD Ratio (Gross Advances) 169.0% Incremental CD ratio (Gross Advances) on yearly basis 156.6% 159.0% (i.e. since March 2024) stood at 76.1% 137.0% 134.8% 132.1% 124
Slide 27: Section 3: Diversified Loan Portfolio
Section 3: Diversified Loan Portfolio
Slide 28: Diversified Loan Book
Section 3: Diversified Loan Portfolio Diversified Loan Book The Bank has transformed the loan book from a primarily wholesale credit book to a well diversified portfolio including retail, rural, MSME and corporate Banking Loan Book: Rs. 1,04,660 crore, December 31, 2018 Loan Book: Rs. 2,41,926 crore
Slide 29: Loan book diversified across more than 25 business lines
Section 3: Diversified Loan Portfolio The Bank has diversified its loan book across more than 25 business lines Other Corporates Infrastructure Loan Book: March 31, 2025 incl SE/SR 1% Financing 1% Rs. 2,41,926 crore Financial Institutions 9% Emerging Corporates 6% Home Loan 11% 29% of total loan boo
Slide 30: Loan Growth driven by HL, LAP, Vehicle and MSME & Corporate Loans
Section 3: Diversified Loan Portfolio Loan Growth driven by HL, LAP, Vehicle and MSME & Corporate Loans Gross Loans & Advances (In Rs. Crore) Mar-24 Dec-24 Mar-25 YoY (%) QoQ (%) Retail Finance 1,19,131 1,34,949 1,41,406 18.7% 4.8% - Home Loan 22,325 26,295 27,191 21.8% 3.4% - Loan Against Property
Slide 31: Retail, Rural and MSME finance book grown strongly for 15 years
Section 3: Diversified Loan Portfolio The Bank has grown Retail, Rural and MSME finance book strongly for 15 years across cycles while maintaining high asset quality Ex MFI Mar-25 Gross NPA 0.25% 0.08% 0.53% 0.99% 2.02% 2.14% 1.91% 1.66% 1.46% 2.18% 1.77% 4.01% 2.63% 1.65% 1.38% 1.70% 1.40% Net NPA
Slide 32: Reduced infrastructure financing portfolio below 1%
Section 3: Diversified Loan Portfolio The Bank has reduced its infrastructure financing portfolio from 19% in Mar-19 to below 1% of the total funded assets in Mar-25 Infra Book (₹ crore) Infra % 21,459 14,315 19.4% 10,808 13.8% 9.2% 6,891 4,664 5.3% 2,830 2,348 2.9% 1.4% 0.97% Mar-19 Mar-20 Mar-21 M
Slide 33: Reduced concentration risk in Wholesale lending
Section 3: Diversified Loan Portfolio As a key risk measure, the Bank has reduced concentration risk in Wholesale lending Also, the exposure to top 20 single borrowers reduced from 16% in Further, the exposure to top 5 industries also reduced from 41% Mar-19 Mar-19 to 4% in Mar-25 to 20% in Mar-25 w
Slide 34: 4. Robust Risk Management Framework
4. Robust Risk Management Framework 1. Cash-flow based lending – fundamental basis of Bank’s lending 2. EMI / Cheque Bounce (early bucket) return Trend 3. Collection Efficiency Trend 4. SMA – 1+2 Trend 5. Product wise SMA -1+2 trend in Retail, Rural, MSME 7. Asset Quality Summary Separating MFI asse
Slide 35: Cash Flow Assessment Debit
1. Cash-flow based lending – fundamental basis of Bank’s lending Section 4: Robust Risk Management Framework The fundamental underwriting principle of the Bank explained Cash Flow Debit Assessment Instruction to High Asset Quality (Bank statements, GST filings, Bureau Data etc.) Bank • The Bank lend
Slide 36: 10 Step Stringent Underwriting Process
1. Cash-flow based lending – fundamental basis of Bank’s lending Section 4: Robust Risk Management Framework 10 Step Stringent Underwriting Process No Go The Bank evaluates certain quick no-go criteria such as Title Deed Evaluation of title deeds of the property and collateral, Criteria deduplicatio
Slide 37: First EMI returns reduced by 35%
2. EMI / Cheque Bounce (early bucket) return Trend Section 4: Robust Risk Management Framework First EMI returns for insufficient funds has reduced by 35% which indicates quality of underwriting has improved over the years First EMI Returns for insufficient funds 7.1% 5.1% 5.1% 5.0% 4.9% 4.7% 4.6% 4
Slide 38: Collection efficiency stable at 99.5% (excluding micro-finance)
3. Collection Efficiency Trend Section 4: Robust Risk Management Framework The Bank collection efficiency stable at 99.5% (Excluding micro-finance) Collection Efficiency % = (Pos of EMI Collected for the Month)/(Pos of EMI Due for the month) % Collections % represented here do not include any arrear
Slide 39: SMA-1 & SMA-2 portfolio excluding Microfinance is stable
4. SMA 1+2 Trend Section 4: Robust Risk Management Framework SMA-1 & SMA-2 portfolio as % of Retail, Rural & MSME Loan Book (Excluding Microfinance business) is stable SMA-1 & SMA-2 portfolio as % of Retail, Rural & MSME Loan Book, ex MFI (gross of IBPC) SMA 1 = 31-60 dpd Pre -NPA SMA 2 = 61-90 dpd
Slide 40: Product wise SMA Analysis
5. Product wise SMA 1+2 Trend Section 4: Robust Risk Management Framework Product wise SMA Analysis – All product stable except Microfinance Product-wise SMA-1 & SMA-2 portfolio Jun-24 Sep-24 Dec-24 Mar-25 5.10% 4.56% SMA excluding MFI business is at 0.87% as on March 31, 2025 2.54% 1.88% 1.71% 1.69
Slide 41: Product segments continue to have low NPA ratios
6. Break-down of NPA Section 4: Robust Risk Management Framework Retail, rural and MSME product segments continue to have low NPA ratios • Bank’s GNPA was at 1.87% and NNPA at 0.53% • Provision coverage at bank level stood at 72.3% • Gross and Net NPA of Microfinance book stood at 7.71% and 1.86% re
Slide 42: Asset Quality excluding Microfinance is stable
7. Asset Quality Summary – Ex-MFI and MFI Section 4: Robust Risk Management Framework Asset Quality of the Bank excluding Microfinance business is stable Gross NPA % Net NPA % 1.81% 1.63% 0.49% 0.47% • Credit cost of the Bank ex MFI and excluding one Dec-24 Mar-25 Dec-24 Mar-25 legacy infrastructure
Slide 43: SMA-0 of microfinance book declined by 45% QoQ
7. Asset Quality Summary – Ex-MFI and MFI Section 4: Robust Risk Management Framework SMA-0 of microfinance book has declined by 45% QoQ In Rs. Crore SMA-0 SMA-1&2 777 640 586 501 407 After increase in SMA-0 from Mar-24 318 to Dec-24, SMA-0 pool has declined 488 by 45% QoQ, which indicates 302 impro
Slide 44: Slippages excluding microfinance reduced sequentially
8. NPA Movement Section 4: Robust Risk Management Framework Slippages of portfolio excluding microfinance has reduced sequentially Description (Rs. Crore) Q3 FY25 Q4 FY25 Opening NPAs 4,195 4,399 ADD: Gross additions (Fresh Slippages) 2,192 2,175 - Other than MFI 1,755 1,603 - MFI 437 572 LESS: Reco
Slide 45: Vintage Analysis
9. Vintage Analysis Section 4: Robust Risk Management Framework Vintage Analysis – showing quality of portfolio improvement over the year (excluding microfinance business). Vintage Analysis compares the delinquency of a portfolio with another, exactly 6.0% after the same number of Months on Books (M
Slide 46: Delinquency better than industry as per CIBIL
10. Industry Comparison 30+ Performance for key products Section 4: Robust Risk Management Framework Coincidental (30+%) delinquency better than industry as per CIBIL records Home Loan Loan Against Property 5.40% 4.00% 3.50% 3.50% 3.50% 4.70% 4.60% 3.40% 4.30% 4.40% 1.90% 1.60% 1.50% 1.46% 1.43% 1.4
Slide 47: Delinquency better than industry as per CIBIL
10. Industry Comparison 30+ Performance for key products Section 4: Robust Risk Management Framework Coincidental (30+%) delinquency better than industry as per CIBIL records PL (including Xsell) Consumer Durable 3.20% 3.20% 3.30% 3.40% 3.40% 3.00% 3.00% 3.20% 3.20% 2.80% 2.86% 3.02% 3.00% 2.89% 2.4
Slide 48: Provision Coverage Ratio increased to 72.3%
11. Trend of Provision Coverage Ratio Section 4: Robust Risk Management Framework Provision Coverage Ratio increased to 72.3% for the Bank 72.3% 68.8% 66.4% 59.5% Provision coverage improved by 347 bps 56.2% from 68.8% in March 2024 to 72.3% in March 2025 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Provision
Slide 49: Section 5: Microfinance Business
Section 5: Microfinance Business a. Purpose & Objective b. Trend of Disbursement & Outstanding Book c. Microfinance Trend in Collection Efficiency d. Insured by CGFMU Cover
Slide 50: Micro-finance Loans – Meets Agri and PSL Requirements
a. Purpose & Objective Section 5: Microfinance Business Micro-finance Loans – Meets Agri and PSL Requirements • Small ticket size loans offered to only women borrowers primarily in rural areas for their livelihood generation • Usually, 10-20 members come together to form a group, who are provided co
Slide 51: Micro-Finance book reduced to 4% of funded assets
b. Trend of Microfinance Disbursement & Book Section 5: Microfinance Business The Bank’s Micro-Finance book has reduced to 4% of total funded assets as the conservative stance of Micro-Finance disbursals continues • Bank put restriction on new to bank customer in selected geographies and have been r
Slide 52: Collection Efficiency bounced back to 99.2% in March-25
c. MFI Trend in Collection Efficiency Section 5: Microfinance Business Collection Efficiency reduced in Q3-FY25, bounced back to 99.2% in March-25 • Collection Efficiency % = (Pos of EMI Collected for the Month)/(Pos of EMI Due for the month)% • Note: Collections does not include any arrear collecti
Slide 53: CGFMU cover increased gradually since January 2024
d. Insured by CGFMU cover Section 5: Microfinance Business Micro-finance business: CGFMU cover increased gradually since January 2024 • The disbursals in micro-finance segment continued to reduce in Q4-FY25. • The incremental new disbursals from January 2024 have been covered 66% under CGFMU. • The
Slide 54: Section 6: Digital Capabilities
Section 6: Digital Capabilities
Slide 55: Advanced Mobile Banking App
Section 6: Digital Capabilities Bank successfully rolled out an advanced Mobile Banking App with top rating of 4.9 on Google Play and 4.8 on App Store CREATE FD in 2 CLICKS 8 FIRSTMONEY PL – ETB/NTB ACE FUNDS/ IPO SMART STATEMENT Only Indian bank to feature in REVAMPED CREDIT CARD Global Top-5 Mobi
Slide 56: Private Wealth Management AUM growing 27% YoY
Section 6: Digital Capabilities Private Wealth Management: AUM growing at 27% YoY and crossed Rs. 42,000 crore • The Bank is successfully creating a strong private wealth franchise. • Private Banking Book comprising of Investments AUM & Deposits grew by 27% on a YoY basis to Rs. 42,665 crore. Privat
Slide 57: Over 17 million live FASTags
Section 6: Digital Capabilities Over 17 million live FASTags Largest IDFC FIRST is the largest issuer among 38 Issuer Number of FASTags (Live) banks in NETC with respect to FASTAG monthly Issuer bank activation numbers and value processed. 17.8M Largest Acquirer Largest Acquirer Bank with 530+ Toll
Slide 58: Credit Cards in force crosses 3.5 million
Section 6: Digital Capabilities Credit Cards in force crosses 3.5 million mark Credit Card Book (Rs. Crore) Credit Cards in force Credit Card Spends (Rs. Crore) 36% 7,517 41,787 37% 3.5 Mn+ 42% 5,546 2.5 Mn+ 29,392 3,510 18,572 1.5 Mn+ 2,013 0.7 Mn+ 8,507 420 428 0.1 Mn+ Mar-21 Mar-22 Mar-23 Mar-24
Slide 59: Strong growth in Business from Mobile App
Section 6: Digital Capabilities Strong growth in Business from recently launched Mobile App Mutual Funds (Investments) Foreign Payments (Rs. Crore) (Rs. Crore) 618 254 474 197 Q4-FY24 Q4-FY25 Q4-FY24 Q4-FY25 Payment through UPI Fixed Deposits (Rs. Crore) (Rs. crore) 6,866 12,402 4,546 6,672 Q4-FY24
Slide 60: Improvement in Customer Service due to Digital Capabilities
Section 6: Digital Capabilities Strong improvement in Customer Service due to Digital Capabilities • Digitisation initiatives are improving efficiency and customer experience in customer service, disbursement, processing, collection, liabilities, and all divisions. • For instance, in the last one ye
Slide 61: Section 7: Profitability & Capital
Section 7: Profitability & Capital 59
Slide 62: Core PPOP grew 17% YoY in FY25
Section 7: Profitability & Capital Strong rise in Profitability, Core PPOP grew 17% YoY in FY25 In Rs. Crore unless specified otherwise 17% Net Interest Income Fee and Other Income 15% 19,292 6,676 16,451 5,795 12,635 4,142 9,706 7,380 2,691 6,076 3,504 1,550 1,622 838 FY19* FY20 FY21 FY22 FY23 FY24
Slide 63: Breakup of Fee & Other Income – FY25
Section 7: Profitability & Capital Breakup of Fee & Other Income – FY25 Loan Origination Fees • The Bank has launched and 33% General banking scaled up many fee-based Fees & Others products in the last 6 years. 22% • Many of these products are in the early stage of their lifecycle and have the poten
Slide 64: Targeting lower Cost to Income Ratio over next 2 years
Section 7: Profitability & Capital Targeting to bring down the Cost to Income Ratio over next 2 years Assets C:I ratio Trend: Retail Liabilities C:I ratio Trend: Credit Cards C:I ratio Trend: 60% 227% 197% 240% 56% 182% 171% 53% ~140% 165% 53% ~50% 116% 100% ~75% FY22 FY23 FY24 FY25 FY27 P FY22 FY23
Slide 65: Composition of Operating Expenditure (FY25)
Section 7: Profitability & Capital Composition of Operating Expenditure (FY25) • Bank beginning to see benefits of operating leverage. In FY25, Total Business grew by 23% but the Opex increased by only 16.5%. • Customer Deposits grew by 25.2% and Loans and advances grew 20.4%. IT Expenses Employee R
Slide 66: Bank has turned profitable on sustained basis
Section 7: Profitability & Capital Bank has turned profitable on sustained basis based on strong Operating Profits Net Profit (Rs. Crore) 2,957 2,437 • The Asset Businesses (Retail, Rural, MSME & Wholesale Banking) have been contributing to 1,525 the profitability of the Bank. 452 • The overall prof
Slide 67: Assets: Profitability
Section 7: Profitability & Capital Assets (Retail Loans & Wholesale Banking) : Profitability Rs. Crore Operating Profit as a % of Average Loan Book (Retail + Wholesale) Avg. Loan Book 1,04,565 1,02,598 1,11,554 1,39,906 1,76,804 2,14,070 YoY Growth% -2% 9% 25% 26% 21% 4.7% 4.8% The reduction in FY25
Slide 68: Retail Liabilities Business: Moving towards break even
Section 7: Profitability & Capital Retail Liabilities Business : Moving towards break even with scale and productivity Rs. Crore Operating Profit as % of Average Retail Liabilities Avg Retail Liabilities 23,225 55,992 69,620 91,615 1,37,269 1,89,426 YoY Growth % 141% 24% 32% 50% 38% • Retail Liabili
Slide 69: Credit Cards Business: Operational Break-even
Section 7: Profitability & Capital Credit Cards Business: Operational Break-even achieved within 4 years Rs. Crore Operating Profit as % of Average Loan Book Avg. Loan Book 1,180 2,576 4,123 6,073 YoY Growth% 118% 60% 47% • Credit Card business was launched during the end of FY21 and has grown signi
Slide 70: Balance Sheet
Section 7: Profitability & Capital Balance Sheet Growth (%) In Rs. Crore Mar-24 Dec-24 Mar-25 (YoY) Shareholders' Funds 32,161 37,801 38,078 18.4% Deposits 2,00,576 2,36,878 2,52,065 25.7% - CASA Deposits 94,768 1,13,078 1,18,237 24.8% - Term Deposits 1,05,808 1,23,799 1,33,828 26.5% Borrowings 50,9
Slide 71: Annual Income Statement
Section 7: Profitability & Capital Annual Income Statement Growth (%) In Rs. Crore FY24 FY25 YoY Interest Income 30,323 36,501 20.4% Interest Expense 13,872 17,210 24.1% Net Interest Income 16,451 19,292 17.3% Fee & Other Income 5,795 6,676 15.2% Trading Gain 207 346 67.0% Operating Income 22,453 26
Slide 72: Quarterly Income Statement
Section 7: Profitability & Capital Quarterly Income Statement Growth (%) In Rs. Crore Q4 FY24 Q3 FY25 Q4 FY25 YoY Interest Income 8,219 9,343 9,413 14.5% Interest Expense 3,750 4,441 4,506 20.1% Net Interest Income 4,469 4,902 4,907 9.8% Fee & Other Income 1,610 1,757 1,702 5.7% Trading Gain 32 23 1
Slide 73: Core Operating profit excluding MFI increased 30.6% YoY
Section 7: Profitability & Capital Core Operating profit excluding MFI business increased by 30.6% YoY in FY25 Bank Level Profitability Growth Growth Q4 FY24 Q4 FY25 FY24 FY25 (Excluding – Microfinance Business) - Rs. Crore YoY YoY Net Interest Income 3,879 4,539 17.0% 14,175 17,370 22.5% Fee & Othe
Slide 74: Capital Adequacy Ratio
Section 7: Profitability & Capital Capital Adequacy Ratio In Rs. Crore Mar-24 Dec-24 Mar-25 Common Equity^ 30,940 36,308 36,428 Tier 2 Capital Funds 6,366 6,456 6,381 Total Capital Funds 37,307 42,764 42,808 Total Risk Weighted Assets 2,31,577 2,65,452 2,76,473 CET-1 Ratio (%) 13.36% 13.68% 13.17% T
Slide 75: Shareholding Pattern
Section 7: Profitability & Capital Shareholding Pattern Scrip Name: IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Shareholding (March,31 2025) Other Body Others (0.06%) Trusts and Corporate Clearing Total No. of shares 732.20 Cr (2.49%) Members (0.05%) FDI/FPI/FC President of (25.68%) India (9.10%)
Slide 76: BVPS grew from Rs. 31.4 to Rs. 52.0
Section 7: Profitability & Capital BVPS has grew from Rs. 31.4 to Rs. 52.0 since March 2021 In Rs. During the last 16 quarters, the BVPS Book Value Per Share (BVPS) reduced increased by 66% with the increasing during the first few years after merger profitability from the core business due to credit
Slide 77: Section 8: Credit Rating
Section 8: Credit Rating
Slide 78: Bank's Long Term Credit Rating
Section 8: Credit Rating Bank’s Long Term Credit Rating Rating Agency Fixed Deposit CRISIL AAA Long Term Credit Rating o AAA rating by CRISIL for its Fixed Deposit Program ICRA AA+ (stable) o Bank’s has Long Term Credit India Ratings AA+ (stable) rating AA+ (Stable) from all major rating agencies CR
Slide 79: Section 9: Board of Directors
Section 9: Board of Directors
Slide 80: Board of Directors: MD & CEO Profile
Section 9: Board of Directors Board of Directors: MD & CEO Profile Vaidyanathan aspires to create “a world-class Indian Bank, guided by ethics, powered by technology, and to be a force social good”. He became the Managing Director and CEO of IDFC FIRST Bank in December 2018 following the merger of C
Slide 81: Board of Directors
Section 9: Board of Directors Board of Directors • Advisor to global organizations across Europe, the US • Has over 32 years of experience in corporate • Was President and Group CTO at ICICI Bank from and Asia. world, with 24 years being in banking & financial 2005 to 2012. • Worked as Regional Busi
Slide 82: Section 10: Progress on ESG
Section 10: Progress on ESG
Slide 83: Our ESG journey
Section 10: Progress on ESG Our ESG journey FY 23 FY 24 FY 25 • First Integrated Report published, • Obtained BRSR Core reasonable • ESG adopted into a Board Committee aligned to IR framework, GRI & SASB assurance, aligned to SEBI • ESG Management and Steering • First BRSR published, aligned to SEBI
Slide 84: In top positions across major ESG ratings
Section 10: Progress on ESG In top positions across major ESG ratings 57 out of 100 (2024) 20.1* out of 100 (2024) 68 out of 100 (2024) 12 out of 16 (2024) 48 out of 100 (2023) 26.6* out of 100 (2023) 67 out of 100 (2023) 7 out of 16 (2023) *Lower is better A* on a scale of C* on a scale of A to F E
Slide 85: Key ESG highlights
Section 10: Progress on ESG Key ESG highlights Environment Social Governance Sustainable Finance ▪ 06 offices and 02 branches ▪ 23,848 hours volunteered ▪ Board and Management ▪ 2.38 lakh+ EV two wheelers (~31% carpet area) green by employees in FY 25 Committees on ESG financed (live portfolio) cert
Slide 86: Recognitions for ESG Efforts
Section 10: Progress on ESG Recognitions for ESG Efforts AFAI Times Now Climate Awards ABF Retail Banking Awards The European Institute of Directors India Outstanding Private Bank in Product Innovation Award Financial Inclusion Initiative of Most ESG Responsible Banking Golden Peacock Award in ESG -
Slide 87: Section 11: Awards and Recognition
Section 11: Awards and Recognition
Slide 88: Awards and Recognition
Section 11: Awards & Recognitions Awards and Recognition World's Best Banks 2025 - Forbes & Statista India's Leading Private Bank (Mid) 2025 - Dun & Bradstreet Best Private Sector Bank Award 2025- M1 TReDS Exchange Best MSME Friendly Bank (Private Sector) 2024 – CIMSME Best Mid-Sized Bank Award 2024
Slide 89: Improving TOMA score
Section 11: Awards & Recognitions IDFC FIRST Bank has established its strong presence improving its TOMA score Top Of Mind Awareness (TOMA) ^ 28 25 13 4 2 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 • Over the years, the Bank has launched many campaigns and improved its brand recognition • TOMA score represe
Slide 90: IDFC FIRST Bank
IDFC FIRST Bank We are building a world class bank with: - Highest levels of corporate governance - Stable balance sheet growth of ~20%, - Robust asset quality of GNPA less than 2% and net NPA of < 1% - High teens ROE - Contemporary technology and - High levels of Customer Centricity. 88
Slide 91: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 92: Thank You
Thank You IDFC FIRST Bank
Slide 93: Annexure
Annexure Since the business model of Capital First is an important part of the business being built in the merged bank, the brief history and the progress of Capital First is being provided for ready reference to investors. 91
Slide 94: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First Financial Performance: The Asset Under Management has consistently grown at 5-Year CAGR of 29% 32,623 Wholesale AUM 26,997 Retail AUM 19,824 16,041 11,975 9,679 7,510 6,186 2,751 935 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Sep-18 92
Slide 95: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First Financial Performance: Yearly Trend of Profit After Tax In FY 08 and 09, the Company had made losses. Even after the new leadership took over, for two years the company continued to post losses as the building blocks for new age retail len
Slide 96: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and profitabil
Slide 97: Capital First: Return on Equity continuously improved
Capital First: the Return on Equity continuously improved over the quarters… This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growt
Slide 98: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and profitabil
Slide 99: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and profitabil