IDFC First Bank announced it will host an earnings call with analysts and investors on Saturday, October 24, 2026, at 6:00 pm IST. The session will cover the bank's unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

Senior management of the bank is scheduled to discuss the financial performance with participants during the conference call. This event follows the earlier intimation regarding the Board of Directors meeting scheduled for the same day to approve the financial results.

Call details and access

Participants can join the call via universal access numbers or toll-free lines available in select international locations. An audio replay and transcript of the discussion will be made available on the bank's website in due course.

The company secretary, Satish Gaikwad, confirmed the scheduling in a filing dated October 12, 2026. Investors are advised to pre-register through the provided link to ensure access to the live session.

IDFC First Bank reported strong Q2FY27 growth, with domestic loans and advances rising 20.4% YoY to ₹3,13,864 crore. Total deposits grew 17.0% YoY to ₹3,23,697 crore, while the CASA ratio improved to 51.3%.

The bank disclosed that it mobilized ₹34,390 crore ($3.6 billion) in Foreign Currency Non-Resident (Bank) deposits during the quarter. Of this total, the International Banking Unit (IBU) extended leverage of ₹24,885 crore ($2.6 billion) to NRI customers. This leverage was booked as FCNR(B) deposits on the domestic balance sheet, significantly impacting gross figures when IBU assets are included.

Analyst view

Following the results, Goldman Sachs maintained a Neutral rating on IDFC First Bank with a target price of ₹92. The brokerage noted that the bank delivered strong growth and that the rundown of high-cost deposits is positive. Asset-quality trends remained healthy during the quarter, though valuations were assessed as fair.

Domestic balance sheet growth

Excluding the leveraged FCNR(B) amounts from both advances and deposits, the bank’s core domestic metrics showed robust expansion. Loans and advances grew 20.4% YoY, while total deposits rose 17.0% YoY. Customer deposits, excluding certificates of deposit, saw a 5.7% QoQ jump.

The domestic credit-deposit ratio stood at 89.9% as on September 30, 2026. This figure excludes advances and deposits held at the IBU branch, providing a clearer view of the domestic lending environment.

Overall position including IBU

When including FCNR(B) loans on the IBU balance sheet, the bank’s overall gross advances stood at ₹3,38,749 crore, marking a 13.7% QoQ and 29.9% YoY increase. Total deposits at the overall level reached ₹3,48,582 crore, growing 11.8% QoQ and 25.9% YoY. The overall CASA ratio was recorded at 47.6%.

The bank attributed the surge in overall figures to strong FCNR(B) flows. Consequently, it slowed down domestic deposit growth and reduced Certificate of Deposits to manage surplus liquidity arising from these inflows.

Liquidity and asset quality

The average Liquidity Coverage Ratio (LCR) for Q2FY27 improved to 125%, up from 116% in Q1FY27. This indicates a stronger liquidity buffer against short-term obligations.

A notable structural change occurred in the deposit mix. Bulk Rupee Term Deposits (≥ ₹3 crore) as a percentage of total deposits decreased to 13.9% from 17.1% in the previous quarter. This is a significant improvement compared to 18.2% recorded in September 2025, reflecting a shift away from volatile wholesale funding sources.

What the numbers show

The divergence between domestic and overall growth highlights the impact of IBU activities. While domestic loans grew 5.4% QoQ, overall gross advances jumped 13.7% QoQ. This gap is primarily explained by the ₹24,885 crore in IBU leverage booked as FCNR(B) deposits. Furthermore, the reduction in bulk deposits from 17.1% to 13.9% alongside an LCR rise to 125% suggests the bank is actively optimizing its liability profile to reduce cost of funds and enhance stability.