IDFC FIRST Bank Merger Performance and Strategy Update
We are happy to say that the Bank is performing well on the guidance given at
the time of the merger.
Dec-18
Jun-23
Particulars
Guidance for FY24-FY25
Status
(At Merger)
Last quarter
Top 10 borrowers as % of Total Loans & Advances (%)
12.8%
< 5%
2.7%
Achieved
GNPA (%)
1.97%
2.0% -2.5%
2.17%
On Track
Asset Quality
NNPA (%)
0.95%
1.0% 1.2%
0.70%
On Track
Provision Coverage Ratio³ (%)
53%
~70%
83%
On Track
Net Interest Margin (%)
Cost to Income Ratio² (%)
81.56%
55%
Profitability
Return on Asset (%)
-3.70%
1.4-1.6%
1.26%
3.10%
5.0% - 5.5%
6.33%¹
Achieved
71.94%
Estimated to drop to 65%
by Q4-FY25
On Track
Return on Equity (%)
-36.81%
13-15%
11.78%
On Track
1. Gross of IBPC & Sell-down
2. Excluding Trading Gains
3. Including technical write-offs.
Note: Earnings for Dec-18 are for the quarter, NIM, ROA, ROE are annualized for the corresponding quarter.
83
IDFC FIRST
BankView entire presentation