IDFC FIRST Bank Risk Management & Asset Quality
c. Diversification of Deposits
Section 7: Deposits & Borrowings
Bank has a highly Diversified liabilities base with 79% Retail Customer Deposits
It is a strategic priority of the Bank to diversify the liability in favour of retail deposits to stabilize and improve the sustainability of the balance sheet
The Bank has transformed the liability profile in 5 years from wholesale to retail, in order to diversify the deposit base.
The Retail wholesale Deposits mix has changed from 27: 73 in Dec-18 to 79: 21 in Dec-23.
Strong growth of 47% YoY in retail deposits has significantly reduced dependency of the Bank on the wholesale deposits.
Certificate of Deposits (short term money) has come down from Rs. 28,754 crores as of Mar 31, 2019 to Rs. 6,068 crores as of December 31, 2023.
73%
27%
41%
59%
23%
Overall Customer Deposits
77%
27%
73%
Dec-18
Rs. 38,455 crore
Mar-20
Rs. 57,719 crore
Mar-21
Rs. 82,725 crore
Mar-22
Rs. 93,214 crore
Retail Deposits
Wholesale Deposits
24%
76%
21%
79%
Mar-23
Rs. 1,36,812 crore
Dec-23
Rs. 1,76,481 crore
35
IDFC FIRST
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