IDFC FIRST Bank Risk Management & Asset Quality
Section 3: Guidance 2.0
Guidance 2.0 (FY24 - FY29): Key Achievements during last 5 Years
Between December 31, 2019 and December 31, 2023, the Bank has made strong progress in building the foundation, including investments in
branches, ATMs, analytics, data, people, products and culture. We expect to leverage the same between FY 24-FY 29.
4.5x growth in Customer Deposits
1,76,481
39,602
Dec-18
4.4x growth in branches
897
206
1.8x growth in Loan Assets
1,89,475
1,04,660
Dec-23
Dec-18
Dec-23
Dec-18
Dec-23
46.8%
2.9x improvement in PPOP to Avg Assets
2.3%
6.2x improvement in ROE (normalized)
10.67%
5x improvement in CASA Ratio
8.7%
Dec-18
Dec-23
0.8%
Dec-18
Dec-23
1.72%
Dec-18
$During the first three years after merger, the Bank grew the loan book by only 5.1% CAGR in order to conserve resources and structurally improve the liabilities side.
During this time, Bank successfully raised CASA & retail deposits and used the same to repay bulk corporate deposits and CD. Latest growth rate is at around 24.5%.
Dec-18 ROE has been calculated on PBT with normalized tax rate and without any one-off Tax adjustment
Dec-23
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