Capital First Strategy, Loan Growth and Profitability Trends
•
Section 4: The bank has reduced Certificate of Deposits as per the stated Strategy to
reduce short term institutional borrowings to strengthen the balance sheet.
In March 2019, we started the process to reduce our dependence on Certificate of Deposits and have consciously brought it down every
quarter since then by repaying the same through Retail Deposits which is stable and long term by nature.
The borrowing through Certificate of Deposits (CD) of the Bank has reduced by 48% on YOY basis to Rs. 6,673 crore as on Dec 31, 2020
from Rs. 12,720 crore as of Dec 31, 2019.
•
The Bank plans to maintain the Certificate of Deposits balance sustainably at around Rs. 10,000 crore.
In Rs. Crore
Growth %
28,754
22,312
20,058
15,283
12,720
Y-o-Y Growth
-6,047
-48%
Q-o-Q Growth
1,274
24%
7,111
7,212
6,673
5,399
31 Dec 18 31 Mar 19
30 Jun 19
30 Sep 19
31 Dec 19
31 Mar 20
30 Jun 20
30 Sep 20
31 Dec 20
Section 4: Update on Liabilities
46
IDFC FIRST
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