IDFC FIRST Bank has allotted 55,02,631 equity shares of face value ₹10 each, fully paid-up, to eligible employees pursuant to the exercise of previously granted and vested stock options under its Employee Stock Option Scheme (ESOS). The allotment was approved by the duly authorized Committee of the Board of Directors on May 05, 2026, and disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Allotment Under Employee Stock Option Scheme

The newly allotted equity shares have been issued under the 'IDFC FIRST Bank Limited - Employee Stock Option Scheme' (IDFC FIRST Bank - ESOS). These shares carry the same rights and rank pari-passu with the existing equity shares of the bank in all respects, ensuring no differential treatment between new and existing shareholders.

Impact on Issued and Paid-Up Share Capital

The allotment has resulted in an increase in the bank's issued and paid-up equity share capital. The following table summarizes the change in share capital post-allotment:

All newly allotted shares are fully paid-up and carry a face value of ₹10 each.

Regulatory Disclosure

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The communication was signed by Satish Gaikwad, General Counsel and Company Secretary of IDFC FIRST Bank Limited, on May 05, 2026.

IDFC First Bank has reported its Q4 FY26 results with net profit of ₹319 crore, which includes significant one-time items. The normalized profit after tax, excluding the fraud incident impact, treasury loss, and income tax refund, stood at ₹746 crore, representing 145% YoY growth. For the full year FY26, the reported PAT was ₹1,636 crore, which adjusted for the fraud incident on a post-tax basis increased by 39% to ₹2,119 crore.

Quarterly Financial Performance

The bank demonstrated robust growth across key operational metrics. Loans and advances, including credit substitutes, grew 20% YoY to reach ₹2.9 lakh crore. Total deposits increased 16.8% YoY to ₹2.94 lakh crore, with customer deposits at ₹284,000 crore. The CASA ratio remained strong at 49.8% on an end-of-period basis, while the average CASA ratio improved to 50.4% from 50.0% in the previous quarter.

Asset Quality Shows Marked Improvement

Asset quality parameters demonstrated significant improvement during the quarter. The gross NPA ratio declined by 8 basis points to 1.61% from 1.69% in the previous quarter. Similarly, the net NPA ratio improved from 0.53% to 0.48% quarter-on-quarter. For the retail, rural, and MSME segment, the gross NPA ratio improved to 1.47%, while net NPA declined to 0.56%.

Key Business Highlights

The bank's credit card business crossed 4.5 million cards during the quarter, with the book growing 22% YoY. Wealth management AUM increased 23% to ₹57,000 crore. The microfinance book stood at ₹6,662 crore at March-end 2026, with 89% covered through CGFMU. MFI loan disbursements increased 27% sequentially, and MFI slippages declined to ₹96 crore from ₹153 crore in the previous quarter.

The net interest margin for Q4 stood at 5.93% on an AUM basis, while the full-year NIM was 5.75%. Fee and other income grew 21.3% during the quarter. Operating expenses for the quarter stood at ₹6,249 crore, including the ₹646 crore fraud impact. Excluding this, opex was ₹5,603 crore, representing a modest 0.3% sequential increase.

Capital Position and Guidance

The bank maintained a strong capital adequacy ratio (Basel III) of 15.60% with CET-1 ratio at 13.73%. The Board proposed a dividend of ₹0.25 per share, subject to shareholder approval. The bank expects credit cost for FY27 to be in the range of 170-180 basis points and NIM to remain stable around 5.75%. The cost of funds declined to 6% in Q4, down over 50 basis points in the past year.