{"id":142630,"date":"2023-02-23T06:30:00","date_gmt":"2023-02-23T11:30:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142630"},"modified":"2023-02-23T07:05:27","modified_gmt":"2023-02-23T12:05:27","slug":"earnings-summary-of-idfc-first-bank-limited-for-q3-fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/earnings-summary-of-idfc-first-bank-limited-for-q3-fy23\/","title":{"rendered":"Earnings Summary Of IDFC FIRST Bank Limited For Q3 FY23"},"content":{"rendered":"<p>IDFC FIRST Bank Limited (NSE: IDFCFIRSTB) is a leading Indian private sector bank, providing a wide range of financial solutions to customers in the retail, small and medium enterprises (SME), corporate, and rural segments. The bank offers a range of banking and financial products, including savings and current accounts, fixed deposits, home and personal loans, credit cards, mutual funds, insurance, and other financial services.<\/p>\n<p>For the quarter ending December 31, 2022, IDFC FIRST Bank reported a net profit of \u20b9616.61 crores, as compared to \u20b9290 crores in the same quarter of the previous year. The bank&#8217;s net interest income (NII) increased by 33% YoY to \u20b95,911.89 crores, while its Other income grew by 50% YoY to \u20b91,152.44 crores. This quarter\u2019s earnings per share was \u20b90.98. IDFC FIRST Bank&#8217;s asset quality improved during the quarter, with the gross non-performing assets (GNPAs) ratio declining from 2.92% in the previous quarter to 1.87% in Q3 FY23. The bank&#8217;s net NPA ratio also improved from 0.7% in Q2 FY23 to 1.28% in Q3 FY23.<\/p>\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27-1024x640.png\" alt=\"\" class=\"wp-image-142636\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27-1024x640.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27-300x187.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27-768x480.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27-1536x960.png 1536w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-27-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>IDFC FIRST Bank Limited (NSE: IDFCFIRSTB) is a leading Indian private sector bank, providing a wide range of financial solutions to customers in the retail, small and medium enterprises (SME), corporate, and rural segments. The bank offers a range of banking and financial products, including savings and current accounts, fixed deposits, home and personal loans, [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392],"tags":[8200],"class_list":["post-142630","post","type-post","status-publish","format-standard","hentry","category-earnings","tag-retail-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178794,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-reports-48-yoy-increase-in-q3-fy26-net-profit\/","url_meta":{"origin":142630,"position":0},"title":"IDFC FIRST Bank Reports 48% YoY Increase in Q3 FY26 Net Profit","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"IDFC First Bank Limited (NSE: IDFCFIRSTB) achieved a net profit of Rs. 503 crores for the quarter ending December 31, 2025, driven by a 24% rise in customer deposits and improved asset quality. Strong momentum in wealth management and credit card segments contributed to a capital adequacy ratio of 16.22%,\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":156555,"url":"https:\/\/alphastreet.com\/india\/idfc-ltd-q2fy24-33-fall-in-profits\/","url_meta":{"origin":142630,"position":1},"title":"IDFC Ltd Q2FY24; 33% fall in Profits","author":"Hardik Bhandare","date":"November 22, 2023","format":false,"excerpt":"IDFC Limited was incorporated in 1997. 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It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC\u2019s holding in IDFC FIRST Bank\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-157.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1917"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142630"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142630\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}