IDFC First Bank is an Indian private sector bank. It forms part of IDFC. It was incorporated in the year on October, 2015. The bank got their license in July 2015 from Reserve Bank of India. The shares are listed on BSE and NSE. Initially it started with 23 branches in India MadhyaPradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and kolkata. IDFC First Bank has it’s headquarter in Mumbai, Maharashtra. The products dealt with this bank include Consumer banking, Credit cards, Home loans, Loans against property, Personal loans, Consumer Durable loans, Vehicle loans, Business loans, Micro Enterprise loans, Private banking, Wealth management, Investment banking, Corporate banking and Wholesale banking.
Key Financial Highlights
| Rs in lakhs | 31-03-2022 | 31-03-2021 |
| TOTAL INCOME | 5,38,488 | 4,81,118 |
| TOTAL EXPENDITURE | 4,55,836 | 4,18,817 |
| Operating Profit | 82,652 | 62,301 |
| Profit/ (Loss) | 45,705 | 4,311 |
Standalone Highlights
Net Interest Income shows an improvement by 36% YoY to Rs. 2,669 crore in Q4 FY22.
Net Interest Margin increased to 6.27%.
Fee and Other Income increased by 40% YoY to Rs. 841 crore.
Core operating income increased by 37% YoY to Rs. 3,510 crore.
Core Operating Profit (excluding trading gains) grew by 106% YoY basis to Rs. 836 crore.
Core Operating Profit increased by 106% YoY basis to Rs. 836 crore.
Consolidated Highlights
For FY 2022the NII increased by 32% YoY to Rs. 9,706 crore.
Net Interest Margin for FY22 stood improved to 5.96%.
The Fee and Other Income increased by 66% YoY to Rs. 2,691 crore.
In FY22, the Core operating income grew by 38% YoY to Rs. 12,397 crore.
Management talks
“Our core operating profit for Q4 22 has more than doubled (up 106 per cent) to Rs 836 crore as compared to Rs 405 crore in Q4 FY 21. This shows the power of the business model we are building. Our PAT is up 168 per cent year-on-year from Rs 128 crore to Rs 343 crore.”
Vaidyanathan, Managing Director and CEO, IDFC FIRST Banks
Management Updates
The Bank has expanded 641 branches, 203 asset service centres, 719 ATMs and 601 rural business correspondent centres.
The bank has provided r 30 million and served customers over 60,000 villages, cities and towns.
The capital adequacy stood at 16.74%.
Retail Gross NPA shows a steady decline to 2.63% in FY 22.
Net NPA has reduced significantly from 1.90% in FY 21 to 1.15% in FY 22.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,