Capital First Strategy, Loan Growth and Profitability Trends
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities
We are happy to report that we are making strong progress on the guidance given at the time of merger.
1. Strong Growth in Retail Assets:
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Retail Book increased 24% YoY to Rs. 66,665 crore as on Dec 31, 2020 from Rs. 53,685 crore as on Dec 31, 2019
Retail constitutes 65% of funded loan assets as on Dec 31, 2020 including Inorganic PSL buyouts, where underlying assets are retail loans as
compared to 57% as on Dec 31, 2019
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Wholesale funded book decreased by 21% to Rs. 34,809 crore as on Dec 31, 2020 from Rs. 44,329 crore as on Dec 31, 2019
Infrastructure loans (part of wholesale) decreased by 26% to Rs. 11,602 crore as on Dec 31 2020 from Rs. 15,601 crore as on Dec 31, 2019.
2. Strong growth in retail Liabilities
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CASA Deposits increased to Rs. 40,563 crore as on Dec 31, 2020 from Rs. 16,204 crore as on Dec 31, 2019, Y-o-Y increase of 150%
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CASA Ratio improved to 48.31% as on Dec 31, 2020 from 24.06% as on Dec 31, 2019. Average CASA Ratio also improved to 44.66% as on
December 31, 2020 from 20.88% as on December 31, 2019.
Core Deposits (Retail CASA and Retail Term Deposits) (A) increased 100% YOY to Rs. 58,435 crore as on Dec 31, 2020 from Rs. 29,267 crore as
on Dec 31, 2019.
Wholesale deposit (wholesale CASA and Wholesale FD) (B) reduced 26% YOY to Rs. 18,854 crore (Dec 31, 2020) from Rs. 25,364 crore as of Dec
31, 2019 as per strategy to reduce bulk deposits.
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Thus, Total Customer Deposits (A + B) increased to Rs. 77,289 crore as on Dec 31, 2020 from Rs. 54,631 crore as on Dec 31, 2019, Y-o-Y increase
of 41%. (IDFC First Bank Fixed Deposit program have the highest safety rating of FAAA by CRISIL)
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