Slide 1: Investor Presentation – Q1 FY26
Investor Presentation – Q1 FY26 July 26, 2025
Slide 2: Table of Contents
1 Progress Since Merger 3 2 Building a Universal Bank 9 3 Management Commentary – Q1 FY26 19 4 Deposits and Borrowings 21 5 Diversified Loan Portfolio 31 TABLE 6 Strong Risk Management Framework 42 OF 7 Microfinance Business Update 55 CONTENTS 8 Profitability & Capital 60 9 Credit Rating 74 10 Board
Slide 3: Our Vision
Our Vision BUILDING A WORLD CLASS BANK GUIDED BY POWERED BY BE A FORCE FOR ETHICS TECHNOLOGY SOCIAL GOOD 2
Slide 4: Section 1: Progress since merger
Section 1: Progress since merger
Slide 5: Background: IDFC FIRST Bank created by merger of IDFC Bank and Capital First
Section 1: Progress since merger Background: IDFC FIRST Bank created by merger of IDFC Bank and Capital First Q1-FY26 • Capital First was an NBFC and • IDFC Bank was created by • IDFC FIRST Bank was had grown AUM from US$ 109 infrastructure DFI, IDFC formed in December 2018 Mn. in 2010 to US$ 3,793
Slide 6: Progress since merger (1/4)
Section 1: Progress since merger Progress since merger (1/4) Q1-FY26 We are happy to share that since the merger in December 2018, the Bank has made significant progress on all counts including Deposit Growth, Loan Growth, Capital Adequacy, Asset Quality and Profitability. 01. Concluded Smooth Integ
Slide 7: Progress since merger (2/4): Pre-merger financials
Section 1: Progress since merger Progress since merger (2/4) Q1-FY26 In US$ Mn. Pre-merger Financials (September 30, 2018) Parameters CAPITAL FIRST IDFC Bank Loan Book 3,139 8,760 Customer Deposit 0 4,229 BALANCE SHEET Retail Deposit 0 1,047 CASA Deposit 0 727 CASA Ratio 0 13.0% Net Worth 340 1,718
Slide 8: Progress since merger (3/4): Post-merger financials
Section 1: Progress since merger Progress since merger (3/4) Q1-FY26 In US$ Mn. Post Merger Financials Change Upon merger Now Since Parameters (30-Jun-2025) (31-Dec-2018) Merger Loan Book 12,170 29,446 15% CAGR Customer Deposit 4,472 29,860 34% CAGR BALANCE SHEET Retail Deposit 1,209 23,747 58% CAGR
Slide 9: Progress since merger (4/4)
Section 1: Progress since merger Progress since merger (4/4) Q1-FY26 At merger Core Operating Profit as a % of Average Total Assets was 0.51% which could not cover for normalized credit costs. With scale and profitability, the core operating profit has reached ~2%, hence Bank has built cushions to a
Slide 10: Section 2: Building a Universal Bank
Section 2: Building a Universal Bank
Slide 11: Bank has launched and scaled up many new products
Section 2: Building a Universal Bank Bank has launched and scaled up many new products to position as a Universal Bank Q1-FY26 From FY19 onwards, the Bank Cash Management Credit Card Forex Solution Agri / Farmer Loans Service launched many products in loans, deposits, fee-based Wealth Management Pri
Slide 12: The Bank launched full Suite of Universal Banking Products
Section 2: Building a Universal Bank The Bank launched full Suite of Universal Banking Products Q1-FY26 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, Forei
Slide 13: Franchise of 35 Mn customers
Section 2: Building a Universal Bank Successful business launches have helped create a franchise of 35 Mn customers Q1-FY26 Total Unique Customers Credit Cards in Force NRI Customers Private Wealth Customers 35.3Mn 3.8M 104.9K 30.6K 9.3Mn 3.6K 1.7K - Mar-19 Jun-25 Mar-19 Jun-25 Mar-19 Jun-25 Mar-19
Slide 14: Bank has set-up 1,016 branches across India
Section 2: Building a Universal Bank Bank has set-up 1,016 branches across India Q1-FY26 • IDFC FIRST Bank Branches and ATMs are digitally equipped and have customer friendly staff. • Bank intends to grow the branch network by 10% each year in near term. • Bank grew its branch network 5X from 206 br
Slide 15: Mobile Banking App with top rating
Section 2: Building a Universal Bank Mobile Banking App with top rating of 4.9 on Google Play and 4.8 on App Store Q1-FY26 Create FD in 2 Clicks Digital Personal Loans 24 Mn+ App Registrations Mutual Funds Investment Smart Statement 2M+ UPI On International Number Reviews Financial Planning Only In
Slide 16: Private Wealth Management: AUM growth of 34% YoY
Section 2: Building a Universal Bank Private Wealth Management: AUM growth of 34% YoY, crossed US$ 5,900 Mn. milestone Q1-FY26 The Bank has successfully created a strong private wealth franchise. Private Banking Book AUM grew 34% on a YoY basis to US$ 5,964 Mn. Private Wealth Book (Deposits & Invest
Slide 17: Over 19 Million + FASTags in force
Section 2: Building a Universal Bank Over 19 Million + FASTags in force Q1-FY26 Largest IDFC FIRST is the largest issuer among 38 Issuer banks in NETC with respect to FASTag monthly Issuer bank activation numbers and value processed. Acquirer Acquirer Bank with 526 Toll plaza and parking Number of F
Slide 18: Credit Cards in force reaches 3.8 million mark
Section 2: Building a Universal Bank Credit Cards in force reaches 3.8 million mark Q1-FY26 Credit Card Book (US$ Mn.) Credit Cards in force Credit Card Spends (US$ Mn.) 939 3.8 Mn 874 3.5 Mn 4,859 645 2.5 Mn 3,418 408 1.5 Mn 2,160 234 0.7 Mn 1,429 989 50 0.1 Mn 49 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
Slide 19: Digital Capabilities driving efficiency
Section 2: Building a Universal Bank Digital Capabilities driving efficiency Q1-FY26 • Bank undertaking digitisation initiatives across all divisions such as disbursement, processing, collection, deposits, customer service • This is improving efficiency across the board • For instance, in the last o
Slide 20: Section 3: Management Commentary Q1 FY26
Section 3: Management Commentary Q1 FY26
Slide 21: Management Commentary Q1-FY26
Section 3: Management Commentary Q1 FY26 Management Commentary Q1-FY26 • Bank has undertaken a structural transformation over the last few years, reduced Credit Deposit Ratio, and retailised both sides of the balance sheet • Deposits franchise continues to strengthen, Customer Deposits up 26% YoY to
Slide 22: Section 4: Deposits and Borrowings
Section 4: Deposits and Borrowings
Slide 23: Total Customer Deposits strong at 26% YoY
Section 4: Deposits & Borrowings Total Customer Deposits strong at 26% YoY Q1-FY26 Total Customer Deposits = Retail Customer Deposits + Wholesale Customer Deposits. Excludes Certificate of Deposits. In US$ Mn. Customer Deposits Jun-25 vs Jun-24 US$ 6,073 Mn. 25.5% 29,860 Jun-25 vs Mar-25 US$ 1,658 M
Slide 24: Retail Deposits growth strong at 25% YoY
Section 4: Deposits & Borrowings Retail Deposits growth strong at 25% YoY Q1-FY26 In US$ Mn. Retail Deposits 23,747 Jun-25 vs Jun-24 US$ 4,677 Mn. 24.5% 22,241 Jun-25 vs Mar-25 US$ 1,506 Mn. 6.8% 17,598 12,078 7,911 7,430 3,945 1,209 1,537 Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-
Slide 25: CASA Deposits growth strong at 30% YoY
Section 4: Deposits & Borrowings CASA Deposits growth strong at 30% YoY Q1-FY26 In US$ Mn. CASA Ratio 48.0% CASA Deposits Jun-25 vs Jun-24 US$ 3,426 Mn. 30.2% 14,786 13,748 Jun-25 vs Mar-25 US$ 1,037 Mn. 7.5% 11,020 CASA ratio grew from 8.7% as of December 31, 8,370 2018 to 48.0% as of June 30, 2025
Slide 26: Diversified liabilities base with 80% Retail Customer Deposits
Section 4: Deposits & Borrowings Bank has a diversified its liabilities base with 80% Retail Customer Deposits Q1-FY26 • It is a strategic priority of the Bank to grow retail deposits. Retail Deposit customers are used to transactions, id, passwords, RMs, branch services, Auto Debits, Standing Instr
Slide 27: Deposits & Borrowings Details
Section 4: Deposits & Borrowings Deposits & Borrowings Details Q1-FY26 Particulars (In US$ Mn.) Jun-24 Mar-25 Jun-25 YoY Growth Legacy Long Term & Infrastructure Bonds 1,097 490 193 -82.4% Refinance & Other Borrowings 2,172 2,727 2,682 23.4% Tier II Bonds 523 523 523 - Total Borrowings 3,793 3,740 3
Slide 28: Cost of Funds reduced by 138 bps since merger
Section 4: Deposits & Borrowings Bank raised deposits despite reducing Cost of Funds by 138 bps since merger Q1-FY26 • The Bank has reduced Cost of Funds by 138 bps from 7.80% at merger to 6.42% in Q1 FY26, due to increase in CASA ratio from 8.7% at merger to 48.0% currently. On QoQ basis, the cost
Slide 29: Transformation of liabilities towards retail deposits
Section 4: Deposits & Borrowings Transformation of liabilities towards retail deposits Q1-FY26 Composition of Total Deposits & Borrowings* Legacy Borrowings Retail Deposits Legacy Borrowings Retail Deposits 9% (US$ 6,704 Mn.) (US$ 1,209 Mn.) (US$ 254 Mn.) (US$ 23,747 Mn.) 48% 9% 1% 69% 3% 24% 18% 19
Slide 30: Retail deposits used to repay legacy borrowings
Section 4: Deposits & Borrowings Retail deposits used to repay legacy borrowings. Borrowings down from 48% to 10% Q1-FY26 Borrowings as a % of total Deposits & Borrowings 48% 44% 44% 31% 27% 22% 14% 11% 10% Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Borrowings are excluding money
Slide 31: Credit Deposit Ratio has reduced from 137% to 93%
Section 4: Deposits & Borrowings Credit Deposit Ratio has reduced from 137% to 93% Q1-FY26 CD Ratio CD Ratio Including Credit Substitutes 169.0% 159.0% Incremental CD ratio (Gross Advances) for last year 156.6% (i.e. since June 2024) stood at 75.8% 132.1% 137.0% 134.8% 122.2% 124.9% 111.0% 117.0% 11
Slide 32: Section 5: Diversified Loan Portfolio
Section 5: Diversified Loan Portfolio
Slide 33: Diversified Loan Book
Section 5: Diversified Loan Portfolio Diversified Loan Book Q1-FY26 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 Pre-Merger At Merger Current September 30, 2018 December 31, 2018 June
Slide 34: Loan book diversified across more than 25 business lines
Section 5: Diversified Loan Portfolio The Bank has diversified its loan book across more than 25 business lines Q1-FY26 Other Corporates Infrastructure Loan Book: June 30, 2025 incl SE/SR 1% Financing 1% US$ 29,446 Mn. Financial Institutions 9% Emerging Corporates 7% Home Loan 11% Large Corporates 2
Slide 35: Loans and Advances Trend
Section 5: Diversified Loan Portfolio Loans and Advances Trend Q1-FY26 Loans & Advances In US$ Mn. Jun-25 vs Jun-24 US$ 5,101 Mn. 21.0% 29,446 28,131 Jun-25 vs Mar-25 US$ 1,315 Mn. 4.7% 23,368 Period of Stabilization: The Bank restricted loan growth for 3 18,674 years to address liability side chall
Slide 36: Specialization in Retail, Rural and MSME
Section 5: Diversified Loan Portfolio Bank developed specialization in Retail, Rural and MSME; grown consistently for 15 years Q1-FY26 Retail, Rural & MSME finance Book (US$ Mn.) 23,716 22,973 The Bank has developed specialization in Cash Flow Evaluation & 19,373 Digital Capabilities for these busin
Slide 37: Asset Quality: Gross NPA and Net NPA stable over 15 years
Section 5: Diversified Loan Portfolio Asset Quality: Gross NPA (~2%), Net NPA (~1%) stable over 15 years through cycles Q1-FY26 Credit Costs ~2% of loan book through cycle. Retail, Rural and MSME finance Book was tested through 6 Stress tests during the last 15 years but the Asset Quality remained s
Slide 38: Wholesale Loan Book growth trend since inception
Section 5: Diversified Loan Portfolio Wholesale Loan Book growth trend since inception Q1-FY26 Wholesale Loan Book (US$ Mn) Initial Phase: The bank initially had Re-balancing Phase: Upon merger, Bank Growth Phase: Bank started regrowing the corporate loans with strong underwriting practices. infrast
Slide 39: Project infrastructure financing reduced from 19% to 1%
Section 5: Diversified Loan Portfolio Bank reduced Project infrastructure financing from 19% to 1% of loans Q1-FY26 Infrastructure Finance Book 2,495 Infra Book (US$ Mn.) Infra Book as % of Loan Book 19.4% 1,664 13.8% 1,257 9.2% 801 5.3% 542 2.9% 329 273 283 1.4% 0.97% 0.96% Mar-19 Mar-20 Mar-21 Mar
Slide 40: Corporate loan exposure and Rating Profile
Section 5: Diversified Loan Portfolio Corporate loan exposure (Funded + Non-Funded) and Rating Profile Q1-FY26 Total Exposure (US$ Mn.) # Rating wise distribution ^ 8,085 BB & Below 7,407 BBB 4% 19% 6,210 6,086 5,884 5,068 5,330 4,873 4,880 A & Above Dec-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
Slide 41: Reduced concentration risk in Wholesale lending
Section 5: Diversified Loan Portfolio Bank reduced concentration risk in Wholesale lending Q1-FY26 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 5% in Jun-25 to 20% in Jun-25 which has further streng
Slide 42: YoY Loan Growth driven by Mortgage, Vehicle and MSME & Wholesale
Section 5: Diversified Loan Portfolio YoY Loan Growth driven by Mortgage, Vehicle and MSME & Wholesale Loans Q1-FY26 Gross Loans & Advances (In US$ Mn.) Jun-24 Mar-25 Jun-25 QoQ (%) YoY (%) Retail Finance 14,603 16,443 17,151 4.3% 17.4% - Mortgage Loans 5,743 6,461 6,721 4.0% 17.0% 979 1 - Home Loan
Slide 43: Section 6: Strong Risk Management Framework
Section 6: Strong 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
Slide 44: Cash Flow Assessment Debit Instruction
1. Cash-flow based lending – fundamental basis of Bank’s lending Section 6: Strong Risk Management Framework The fundamental underwriting principle of the Bank explained Q1-FY26 A. The Bank specializes in cash flow assessment through bank statement, GST, bureau EMI etc. B. In addition, Bank takes de
Slide 45: 10 Step Stringent Underwriting Process
1. Cash-flow based lending – fundamental basis of Bank’s lending Section 6: Strong Risk Management Framework 10 Step Stringent Underwriting Process Q1-FY26 No Go The Bank evaluates certain quick no-go criteria such as Title Deed Evaluation of title deeds of the property and collateral, 1 6 Criteria
Slide 46: First EMI returns for insufficient funds
2. EMI / Cheque Bounce (early bucket) return Trend Section 6: Strong Risk Management Framework First EMI returns for insufficient funds Q1-FY26 First EMI returns for insufficient funds has reduced by 37% indicating quality of underwriting has improved consistently 7.1% 5.1% 5.0% 4.9% 4.7% 4.6% 4.5%
Slide 47: Collection efficiency stable at 99.4%
3. Collection Efficiency Trend Section 6: Strong Risk Management Framework The Bank collection efficiency stable at 99.4% (Excluding micro-finance) Q1-FY26 Collection Efficiency % = (Pos of EMI Collected for the Month)/(Pos of EMI Due for the month) % Collections % represented here do not include an
Slide 48: SMA-1 & SMA-2 stable
4. SMA 1+2 Trend Section 6: Strong Risk Management Framework SMA-1 & SMA-2 stable Q1-FY26 • SMA-1 & 2 for microfinance business reduced from 5.10% in Mar-25 to 2.64% as on Jun-25 • SMA-1 & 2 for overall Retail, Rural & MSME portfolio (excluding microfinance) stable at 0.94% as on Jun-25 vs. 0.91% in
Slide 49: SMA position for all products stable
5. Product wise SMA 1+2 Trend Section 6: Strong Risk Management Framework SMA position for all products stable, improvement in SMA of MFI Business Q1-FY26 Product-wise SMA-1 & SMA-2 portfolio Jun-24 Mar-25 Jun-25 5.10% SMA of Retail, Rural & MSME book, excluding MFI business, is at 0.94% as on June
Slide 50: NPA for all products stable (except MFI)
6. Break-down of NPA Section 6: Strong Risk Management Framework NPA for all products stable (except MFI business) Q1-FY26 • Bank’s GNPA was at 1.97% and NNPA at 0.55% • Provision coverage at bank level stood at 72.3% • Gross and Net NPA of Retail, Rural and MSME finance book stood at 1.82% and 0.66
Slide 51: YoY Asset Quality of the Bank stable
7. Asset Quality Summary – Ex-MFI and MFI Section 6: Strong Risk Management Framework YoY Asset Quality of the Bank stable (except MFI business) Q1-FY26 Gross NPA % Net NPA % 0.61% 1.92% 1.70% 0.50% Credit cost# of the Bank (excluding Jun-24 Jun-25 Jun-24 Jun-25 MFI) stood at 2.0% in Q1 FY26 as comp
Slide 52: SMA 1 & 2 of MFI has declined
7. Asset Quality Summary – Ex-MFI and MFI Section 6: Strong Risk Management Framework SMA 1 & 2 of MFI has declined, indicating lesser slippages for MFI going forward Q1-FY26 In US$ Mn. SMA-0 SMA-1&2 90 74 68 SMA pool peaked in December quarter and since then, SMA-0 58 and SMA-1&2 pool has declined
Slide 53: NPA Movement
8. NPA Movement Section 6: Strong Risk Management Framework NPA Movement Q1-FY26 Description (US$ Mn.) Q4 FY25 Q1 FY26 Opening NPAs 512 516 ADD: Gross additions (Fresh Slippages) 253 289 - Other than MFI 186 229* - MFI 67 60 LESS: Recoveries, Upgrades and others -76 -57 Net Addition 177 232 LESS: Wr
Slide 54: Vintage Analysis: portfolio quality improvement
9. Vintage Analysis Section 6: Strong Risk Management Framework Vintage Analysis: showing portfolio quality improvement over the year (excluding MFI business) Q1-FY26 Vintage Analysis compares the delinquency of a portfolio with another, exactly 6.0% after the same number of Months on Books (MOB). A
Slide 55: Provision Coverage Ratio improved to 72.3%
10. Trend of Provision Coverage Ratio Section 6: Strong Risk Management Framework Provision Coverage Ratio improved to 72.3% Q1-FY26 Provision coverage improved by 296 bps from 69.4% in Jun-24 to 72.3% in Jun-25, improved from 48.2% in Mar-19 Provision Cover Ratio (%) 72.3% 72.3% 68.8% 66.4% 64.5% 5
Slide 56: Section 7: Microfinance Business Update
This section on Microfinance portfolio is provided because of issues in the MFI industry Section 7: Microfinance Business Update a. Purpose & Objective b. Trend of Outstanding Book c. Insured by CGFMU Cover d. Microfinance Trend in Collection Efficiency
Slide 57: Micro-finance Loans – Meets Agri and PSL Requirements
a. Purpose & Objective Section 7: Microfinance Business Update Micro-finance Loans – Meets Agri and PSL Requirements Q1-FY26 • 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
Slide 58: Micro-Finance book reduced to 3.3% of funded assets
b. Trend of Microfinance Disbursement & Book Section 7: Microfinance Business Update Bank’s Micro-Finance book has reduced to 3.3% of total funded assets Q1-FY26 Micro-finance Outstanding book (US$ Mn) Microfinance Book as 6.3% 5.6% 4.8% 4.0% 3.3% a % of Funded Assets 1,539 1,456 1,279 1,113 971 Jun
Slide 59: CGFMU cover increased to 72% of MFI portfolio
c. Insured by CGFMU cover Section 7: Microfinance Business Update Bank taking CGFMU cover in MFI, cover increased to 72% of MFI portfolio Q1-FY26 Incremental disbursals from January 2024 are insured under CGFMU credit guarantee scheme. 72% 66% CGFMU Coverage as % of the Microfinance Portfolio 58% 50
Slide 60: MFI Collection Efficiency improved to 99.0%
d. MFI Trend in Collection Efficiency Section 7: Microfinance Business Update MFI Collection Efficiency improved from 98.1% for Q4 FY25 to 99.0% for Q1 FY26 Q1-FY26 • Collection Efficiency % = (Pos of EMI Collected for the Month)/(Pos of EMI Due for the month)% • Note: Collections do not include any
Slide 61: Section 8: Profitability & Capital
Section 8: Profitability & Capital
Slide 62: Balance Sheet
Section 8: Profitability & Capital Balance Sheet Q1-FY26 Growth (%) In US$ Mn. Jun-24 Mar-25 Jun-25 (YoY) Shareholders' Funds 3,889 4,428 4,502 15.8% Deposits 24,380 29,310 30,811 26.4% - CASA Deposits 11,360 13,748 14,786 30.2% - Term Deposits 13,020 15,561 16,025 23.1% Borrowings 6,031 4,532 4,977
Slide 63: Quarterly Income Statement
Section 8: Profitability & Capital Quarterly Income Statement Q1-FY26 • During Feb-25 to Jun-25 RBI reduced the repo rate by 100 bps, the benefit was provided to loan eligible customers • The Bank reduced the deposit rates for customers on Fixed Deposits, the full impact of which will take ~9 to 12
Slide 64: Breakup of Fee & Other Income – Q1 FY26
Section 8: Profitability & Capital Breakup of Fee & Other Income – Q1 FY26 Q1-FY26 • 91% of the fee income & other income is from retail banking operations. • Fee to Average total assets stood at 2.0% for Q1 FY26. Loan Origination Fees General banking Fees & Others 33% 22% Credir Card & Toll 23% Wea
Slide 65: Targeting to bring down the Cost to Income Ratio
Section 8: Profitability & Capital Targeting to bring down the Cost to Income Ratio over next 2 years Q1-FY26 • Below-mentioned businesses contributes towards majority of the Bank’s C:I • Economies of scale will lead to reduction in the cost to income ratio of Assets. • Bank intends to grow branches
Slide 66: Composition of Operating Expenditure (Q1 FY26)
Section 8: Profitability & Capital Composition of Operating Expenditure (Q1 FY26) Q1-FY26 • Volume linked expenses include collection cost, RCU cost, credit administration cost, DICGC premium, cards reward cost, UPI & RTGS charges etc. • Channel Sourcing expenses included commissions & charges paid
Slide 67: Growth of Operating expenditure reducing consistently
Section 8: Profitability & Capital Growth of Operating expenditure reducing consistently Q1-FY26 • Bank beginning to see benefits of operating leverage. In Q1FY26. Total Business grew by 5.3% QoQ but the Opex decreased by 1.4% QoQ • Sequentially, Customer Deposits grew by 5.9% and Loans and advances
Slide 68: Strong growth in profitability; impacted by MFI crisis
Section 8: Profitability & Capital Strong growth in profitability; temporarily impacted by MFI crisis Q1-FY26 • The Asset Businesses (Retail, Rural, MSME & Wholesale Banking) have strong profitability. • However, as a new bank since we are investing in building the deposit franchise. Hence Retail Li
Slide 69: Assets (Retail Loans & Wholesale Banking): Profitability
Section 8: Profitability & Capital Assets (Retail Loans & Wholesale Banking) : Profitability Q1-FY26 As mentioned earlier, the Asset Businesses (Retail, Rural, MSME & Wholesale Banking) have strong profitability. The reduction in FY25 and Q1FY26 is primarily due to impact of passing on repo rate cut
Slide 70: Retail Liabilities Business: Moving towards break even
Section 8: Profitability & Capital Retail Liabilities Business : Moving towards break even with scale and productivity Q1-FY26 • Being a new Bank, we invested in building necessary branch infrastructure, people, digital platforms and other capabilities. • The business is yet to break even. • With in
Slide 71: Credit Cards Business: Operational Break-even achieved
Section 8: Profitability & Capital Credit Cards Business: Operational Break-even achieved within 4 years Q1-FY26 • Credit Card business was launched during the end of FY21. Grown to 3.8 million cards as of June 30, 2025. • Credit Card business needs significant investment in the initial phase in ter
Slide 72: Capital Adequacy Ratio
Section 8: Profitability & Capital Capital Adequacy Ratio Q1-FY26 In US$ Mn. Jun-24 Mar-25 Jun-25 Common Equity^ 3,726 4,236 4,309 Tier 2 Capital Funds 708 742 747 Total Capital Funds 4,433 4,978 5,056 Total Risk Weighted Assets 27,925 32,148 33,677 CET-1 Ratio (%) 13.34% 13.17% 12.80% Total CRAR (%
Slide 73: Shareholding Pattern
Section 8: Profitability & Capital Shareholding Pattern Q1-FY26 Scrip Name: IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Shareholding (June 30, 2025) Others (0.06%) Other Body Corporate Trusts and Clearing (2.31%) Members (0.01%) President of India FDI/FPI/FC (9.09%) (23.80%) Total No. of shares 73
Slide 74: BVPS grew from US$ 0.37 to US$ 0.61
Section 8: Profitability & Capital BVPS has grew from US$ 0.37 to US$ 0.61 since March 2021 Q1-FY26 In US$ During the last 17 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 t
Slide 75: Section 9: Credit Rating
Section 9: Credit Rating
Slide 76: Bank's Long Term Credit Rating
Section 9: Credit Rating Bank’s Long Term Credit Rating Q1-FY26 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 age
Slide 77: Section 10: Board of Directors
Section 10: Board of Directors
Slide 78: Board of Directors: MD & CEO Profile
Section 10: Board of Directors Board of Directors: MD & CEO Profile Q1-FY26 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 me
Slide 79: Board of Directors
Section 10: Board of Directors Board of Directors Q1-FY26 • Advisor to global organizations across Europe, the US • Was President and Group CTO at ICICI Bank from • Has over 32 years of experience in corporate and Asia. 2005 to 2012. world, with 24 years being in banking & financial • Worked as Regi
Slide 80: Section 11: Progress on ESG
Section 11: Progress on ESG
Slide 81: Key ESG highlights: Progressing on our sustainability journey
Section 11: Progress on ESG Key ESG highlights: Progressing on our sustainability journey Q1-FY26 FIRST ENSURE is IDFC FIRST Bank’s Environmental Social and Governance (ESG) identity, under which the Bank undertakes its sustainability initiatives. ENVIRONMENT SOCIAL GOVERNANCE Among the first Banks
Slide 82: In leading positions across major ESG ratings
Section 11: Progress on ESG In leading positions across major ESG ratings Q1-FY26 S&P Morningstar CRISIL MSCI CDP Global Sustainalytics* 57 20.1 68 A C SCALE 0 100 0 100 0 100 CCC AAA F A IDFC FIRST BANK is a constituent of the IDFC FIRST BANK is ranked second best by Climate FTSE4GOOD EMERGING ESG
Slide 83: Recognition for ESG Efforts
Section 11: Progress on ESG Recognition for ESG Efforts Q1-FY26 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 i
Slide 84: Section 12: Awards and Recognition
Section 12: Awards and Recognition
Slide 85: Awards and Recognition
Section 12: Awards & Recognitions Awards and Recognition Q1-FY26 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 Aw
Slide 86: 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. 85
Slide 87: Disclaimer
Disclaimer Q1-FY26 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
Slide 88: Thank You
Thank You IDFC FIRST Bank
Slide 89: 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. 88
Slide 90: 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% Q1-FY26 3,793 3,139 Wholesale AUM (US$ Mn) Retail AUM (US$ Mn) 2,305 1,865 1,392 1,125 873 719 320 109 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 F
Slide 91: 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 Q1-FY26 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 re
Slide 92: 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 93: 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 94: Capital First: Market Capitalization
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 95: Capital First: Stock Price increased 7x
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