IDFC First Bank Reports 20.3% YoY Growth in Loans and 25.2% Increase in Deposits as of March 2025

IDFC First Bank Ltd, one of the top private sector banks in India, has declared robust growth in its financial figures for the year ending March 31, 2025. The bank saw a 20.3% YoY growth in loans and advances and a 25.2% YoY growth in customer deposits, indicating its sound business strategy and increasing customer base.

 

Key Highlights:

Loans and Advances

As of March 31, 2025, loans and advances of IDFC First Bank were ₹1,80,000 crore, an increase from ₹1,49,600 crore as of March 2024. This increase was propelled by robust demand in retail, MSME, and corporate segments.

Loans and advances were at ₹1,75,500 crore in February 2025, reflecting a 2.6% month-on-month (MoM) growth as the bank ended the fiscal year with robust momentum.

 

Customer Deposits

Customer deposits of the bank stood at ₹1,50,000 crore as of March 31, 2025, from ₹1,19,800 crore last year. This is a strong 25.2% YoY growth.

Customer deposits in February 2025 stood at ₹1,45,800 crore, up 2.9% MoM, sustained by increased CASA (Current Account Savings Account) and term deposit balances.

 

Strategic Focus:

The bank's emphasis on growing its network of branches, digital banking, and competitive products have helped drive its stellar performance.

 

Leadership Insights:

A spokesperson at IDFC First Bank said:

"Our robust growth in loans and deposits is a testament to our dedication to delivering customers with pioneering banking solutions. We are well-placed to continue this momentum in FY26."

 

Outlook:

With a thrust on digital growth and financial inclusion, IDFC First Bank is set to continue its growth trajectory in the next fiscal year.

 

Conclusion:

IDFC First Bank's outstanding performance speaks volumes about its resilience and flexibility in India's fast-paced banking environment.

 

Sources: Economic Times, Business Standard; April 3, 2025