IDFC FIRST Bank Risk Management & Asset Quality
Our approach to building IDFC FIRST Bank (2/3)
Section 2: Approach to build IDFC FIRST Bank
High Asset
Quality
In retail we have a track record of nearly 14 years (estimated at March 31, 2014) of maintaining our GNPA
and Net NPA at around 2% and 1% respectively. During this period, we have experienced multiple stress-
tests, including economic slowdown (2010-2014), Demonetization (2016), GST implementation (2017), ILFS
crisis (2018), Covid (2020-21) but our portfolio asset quality has remained high all through. The increase in
NPA during COVID was temporary, and our Gross NPA is 1.45% and Net NPA is 0.51% as of December 31,
2023.
Strong
Profitability
Despite significant setup investments in our bank to address the issue of CASA and retail deposits, we've seen
a strong rise in our Operating Profit and PAT since the merger. PAT increased from loss making situation in FY
19 to Rs. 2,437 crores in FY23. In 9M-FY24, the Bank has posted PAT of Rs. 2,232 crore. This points to the
strong profitability of the incremental business at the Bank.
Technology
The bank is investing in a modern and adaptable technology architecture that will support its future growth.
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IDFC FIRST
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