IDFC First Bank has announced a board meeting scheduled for January 31, 2026, to review and approve its financial performance for the third quarter of fiscal year 2026. The meeting represents a key milestone in the bank's quarterly reporting cycle as it prepares to disclose its financial results to stakeholders.

Board Meeting Details

The Board of Directors will convene on Saturday, January 31, 2026, with a comprehensive agenda focused on financial performance review. The primary objective involves consideration and approval of both standalone and consolidated financial results covering specific reporting periods.

Financial Results Coverage

The board will evaluate the bank's performance across two distinct timeframes during the meeting. The financial results encompass both quarterly and nine-month performance metrics, providing stakeholders with comprehensive insights into the bank's operational and financial health.

The unaudited financial statements will cover:

• Quarter ended December 31, 2025
• Nine months ended December 31, 2025
• Both standalone and consolidated results

Trading Window Restrictions

IDFC First Bank has implemented mandatory trading window closure in accordance with insider trading regulations. The restriction affects designated persons and their immediate relatives, ensuring compliance with securities regulations during the sensitive period surrounding financial results disclosure.

Regulatory Compliance

The announcement adheres to Securities and Exchange Board of India regulations, specifically Regulation 29 and 50 of the SEBI Listing Regulations, 2015. The bank has also implemented its Code of Conduct for Prohibition of Insider Trading, formulated under SEBI Prohibition of Insider Trading Regulations, 2015.

The financial results will undergo limited review by the bank's joint statutory auditors before final approval and public disclosure. This process ensures accuracy and compliance with accounting standards and regulatory requirements, providing stakeholders with reliable financial information for informed decision-making.

IDFC First Bank has announced comprehensive changes to its credit card benefits structure, implementing significant cuts to reward rates and introducing new fees across its popular card portfolio including Mayura, Ashva, Select, and Wealth cards.

Premium Cards Face Major Reward Reductions

The most significant changes affect the bank's premium offerings. Starting January 18, IDFC Ashva and Mayura cardholders will see their international transaction rewards reduced substantially.

Cardholders can still access the original 10x rewards, but only by spending at least ₹20,000 in a billing cycle on eligible transactions. According to Ankur Mittal, Co-Founder of Card Insider, "This is a major change to both these premium cards and shall massively bring down the overall value derived from them."

The bank has also introduced a new penalty structure where reward points will not be credited for any billing cycle if the minimum amount due is not paid by the due date. This rule extends to the Club Vistara IDFC FIRST Credit Card, affecting Maharaja Points crediting.

Lifetime-Free Cards Experience 25% Reward Cut

The bank's lifetime-free credit cards—Classic, Select, and Wealth—have seen their basic reward structure modified significantly.

Despite the basic rate reduction, cardholders will continue earning 10x reward points on monthly spends above ₹20,000 and on birthday spends, while spends below ₹20,000 monthly will earn 3x points.

Airport Lounge Access Restrictions

Starting April 2026, airport lounge benefits will be significantly curtailed across multiple card categories.

New Fees and Fair Usage Policy

The bank has introduced a fair usage policy targeting high-value transactions in specific categories. FASTag recharges and railway bookings will now earn only 1x reward points, down from higher rates previously offered.

Additional surcharges have been implemented:

• FASTag recharges: 1% surcharge on amounts exceeding ₹10,000 per billing cycle
• Railway bookings: 1% fee on total transaction amount for spends above ₹25,000 per cycle

Mittal noted that "These changes target only unusually high spends in specific categories, most customers' everyday usage remains unaffected."

Travel Booking Enhancements

Amid the benefit cuts, IDFC First Bank has enhanced rewards for travel bookings made through its mobile application.

Market Impact

IDFC First Bank shares closed at ₹84.22 on December 24, down ₹0.79 or 0.93% on the BSE, reflecting broader market movements.

According to Mittal's assessment, the latest revisions significantly reduce the value proposition of several lifetime-free cards and substantially cut reward earnings on premium cards, particularly for international spending where reward rates have effectively been halved. The changes reflect the banking industry's ongoing trend of periodically revising reward structures and usage terms to optimize profitability.