Profitability & Capital Adequacy Presentation
Our approach to building IDFC FIRST Bank (2/3)
Approach to build IDFC FIRST Bank
High Asset
Quality
In retail we have a track record of 12 years of maintaining our Gross NPA 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. Currently, our Gross NPA is 1.53% and Net NPA is 0.52%
(September 30, 2023)
Strong
Profitability
Technology
Despite significant setup investments in our bank to address the issue of CASA and retail deposits, we've seen
a strong rise in our PAT since the merger, increasing from near-zero to Rs. 2,437 crores in FY23. In H1-FY24,
the Bank has posted PAT of Rs. 1,516 crore. This is largely due to our strong incremental profitability.
The bank is committed to investing in a modern and adaptable technology architecture that will support its
future growth. This investment includes developing advanced capabilities for all areas of the Universal Bank
such as controls, deposits, assets, cash management services, wealth management, an advanced app etc.
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IDFC FIRST
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