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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
For the quarter ended September 30, 2026, IDFC First Bank reported a profit after tax of ₹1,045 crore and core profit of ₹1,036 crore. The bank maintained strong asset quality with a gross NPA ratio of 1.32% and a net NPA ratio of 0.40%, while total deposits stood at ₹3.48 lakh crore.
During Q2 FY27, the bank mobilized ₹34,390 crore (approximately US$3.6 billion) of FCNR(B) deposits under the RBI scheme. Additionally, it issued US$950 million of bonds through its offshore International Banking Unit (IBU) branch, contributing to loan assets of about ₹3.47 lakh crore including FCNR-backed loans.
Effective October 30, 2026, Mr. Hardik Thaker was appointed as Chief Information Security Officer (CISO) and Senior Management Personnel, leading cybersecurity transformation. He succeeded Mr. Nitin Chauhan, whose resignation was accepted; Mr. Chauhan’s last working day is April 23, 2027, as he leaves to pursue opportunities outside the bank.
As of November 6, 2026, the daily trend is bearish with the stock closing at ₹77.33, down 0.6% from the previous close. The stock faces resistance at ₹78.31 and support at ₹77.12. While the monthly trend remains bullish, the weekly trend is bearish, reflecting a YTD return of -9.7% and a current drawdown of -12.0%.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Primary driver: Price swings are higher than typical
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹11,828 crore | ₹13,361 crore | PEAK₹14,228 crore |
| Interest Earned | ₹9,937 crore | ₹11,051 crore | PEAK₹11,923 crore |
| Interest Expended | ₹4,824 crore | ₹5,077 crore | PEAK₹5,735 crore |
| Other Income | ₹1,891 crore | PEAK₹2,310 crore | ₹2,305 crore |
| Expenditure Excluding Provisions And Contingencies | ₹9,953 crore | ₹10,735 crore | PEAK₹11,677 crore |
| Operating Profit Before Provision And Contingencies | ₹1,876 crore | PEAK₹2,626 crore | ₹2,552 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹424 crore | PEAK₹1,482 crore | ₹1,412 crore |
| Tax Expense | ₹75.9 crore | ₹334 crore | PEAK₹363 crore |
| Profit Loss After Taxes Minority Interest And Share Of Profit Loss Of Associates | ₹348 crore | PEAK₹1,148 crore | ₹1,049 crore |
| Basic Earnings Per Share After Extraordinary Items | ₹0.35 per share | PEAK₹1.33 per share | ₹1.22 per share |
Disclosed bulk and block transactions involving IDFC First Bank, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for IDFC First Bank.
On November 6, 2026, IDFC FIRST Bank Limited’s duly authorized Board Committee approved allotment of 3,545,636 fully paid equity shares of face value ₹10 each to eligible employees exercising previously granted and vested stock options under the IDFC FIRST Bank - Employee Stock Option Scheme (ESOS). The shares rank pari passu with existing equity shares. Issued and paid-up share capital increased from ₹86,24,82,56,530 (8,62,48,25,653 shares) to ₹86,28,37,12,890 (8,62,83,71,289 shares).
IDFC FIRST Bank Limited allotted equity shares under ESOP/ESPS on November 6, 2026. Paid-up shares increased from 8,624,825,653 to 8,628,371,289, and paid-up share capital increased from INR 86,248,256,530 to INR 86,283,712,890. The filing states that the ESOP Scheme was approved on December 9, 2014, and that the cited SEBI circular was not applicable.
IDFC First Bank reported Q2 FY27 profit after tax of ₹1,045 crore for the quarter ended September 30, 2026, and disclosed ₹1,036 crore of core profit in the earnings call transcript. The bank said it mobilized ₹34,390 crore (about US$3.6 billion) of FCNR(B) deposits during the quarter under the RBI scheme and issued US$950 million of bonds through its offshore IBU branch. The transcript also reported loan assets of about ₹3.47 lakh crore including FCNR-backed loans, total deposits of ₹3.48 lakh crore, gross NPA ratio of 1.32%, and net NPA ratio of 0.40%. The bank submitted the transcript under SEBI Listing Regulations on October 30, 2026; the call followed the Board meeting held October 24, 2026.
IDFC First Bank Limited uploaded the transcript of its Q2 FY27 earnings call to its website on 2026-10-30 at 12:20:00. The call took place on 2026-10-24 and concluded at 19:21:00. This is a routine transcript-disclosure notice; the supplied filing evidence does not provide the transcript’s substantive contents.
IDFC FIRST Bank appointed Mr. Hardik Thaker as Chief Information Security Officer (CISO) and designated him Senior Management Personnel (SMP), effective October 30, 2026, following Mr. Nitin Chauhan’s resignation as CISO. The Bank accepted Mr. Chauhan’s resignation; his last working day will be April 23, 2027. He is leaving to pursue opportunities outside the Bank.
IDFC First Bank Limited reported two changes in Senior Management Personnel effective October 30, 2026. Mr. Hardik Thaker was appointed as Deputy Chief Information Security Officer, leading the bank's cybersecurity transformation initiatives. Concurrently, Mr. Nitin Chauhan ceased his role via resignation.
IDFC FIRST Bank Limited made the audio recording of its earnings call with analysts and investors available on its website. The call was held on October 24, 2026, and concerned the Bank’s unaudited financial results for the quarter and half year ended September 30, 2026.
IDFC First Bank Limited (NSE: IDFCFIRSTB) filed a routine disclosure with the NSE on October 25, 2026, regarding the audio recording of its Q2 FY27 earnings call. The call concluded at 19:20:00 on October 24, 2026, and the audio file was uploaded to the company’s website at 21:55:00 on the same day. Prior intimation of the earnings call was disclosed to the exchange on October 12, 2026.
Recent market and company developments associated with IDFC First Bank.
RBI data indicates that bank fraud losses surged to Rs 48,021 crore in FY26, driven largely by loan-related schemes, while cyber fraud complaints exceeded 53 lakh with minimal refunds. Recent incidents involving SBI, IDFC First Bank, and PNB highlight vulnerabilities in digital security and internal controls, raising concerns about the safety of customer deposits despite high trust levels. The Supreme Court has directed financial institutions to compensate victims when due diligence failures are established, with revised RBI liability rules expected to take effect in late 2027.
Jefferies identified a narrowing valuation premium for Indian banks over global peers, citing strong asset quality and consistent performance from ICICI Bank and SBI in FY26. The investment bank highlighted diverging retail deposit franchises and a shift toward tech investments, while forecasting 16% sector-wide deposit growth for FY27 supported by FCNR-B inflows. Jefferies also noted that upcoming ECL-based provisioning and wage settlements may increase costs, though an expected repo rate hike could offset these pressures.
Shares of IDFC First Bank slipped 4% in early deals on Monday even as the lender reported Q2 earnings that met estimates.
Price Action: IDFC First Bank sheds 3% as Goldman Sachs maintains 'neutral' rating; Jyoti Structures gains 10% on order win Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Tonbo Imaging share price UP Elections iPhone Duo Elon Musk Annamalai Piyush Goyal Donald Trump Sonam Wangchuk News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Fin
Jefferies India report has predicted 33% upside in IDFC First Bank shares, and 35% upside in BPCL share price
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Indian equities fell sharply during a four-session week as surging crude prices amid the West Asia crisis erased nearly ₹21 lakh crore in investor wealth. The Sensex dropped 2.15% and Nifty 50 2.36%, while Bank Nifty lost 2.79%, with analysts warning of continued technical weakness.
Comprehensive Section Breakdown for IDFC First Bank
IDFC First Bank reported profit after tax of ₹1,049 crore for Q2 FY2026-27, down 8.6% from Q1, despite a 6.5% rise in income to ₹14,228 crore. Expenditure excluding provisions grew faster, up 8.8% sequentially, and pre-provision operating profit fell 2.8%. Profit was 201.7% higher than in Q2 FY2025-26.
Interest earned rose 7.9% sequentially to ₹11,923 crore from ₹11,051 crore in Q1 FY2026-27. Interest expended increased 13.0% to ₹5,735 crore from ₹5,077 crore. The respective absolute increases were ₹872 crore and ₹658 crore.
Other income was nearly unchanged at ₹2,305 crore, compared with ₹2,310 crore in Q1. Total income was ₹14,228 crore, up from ₹13,361 crore in Q1 and 20.3% above Q2 FY2025-26.
Operating expenses increased 5.0% sequentially to ₹5,942 crore from ₹5,658 crore. Employee costs rose 2.6% to ₹2,187 crore, while other operating expenses increased 6.5% to ₹3,756 crore. Total expenditure excluding provisions and contingencies rose 8.8% to ₹11,677 crore, outpacing income growth. Pre-provision operating profit consequently declined to ₹2,552 crore from ₹2,626 crore in Q1.
Provisions other than tax and contingencies were broadly stable at ₹1,139 crore, against ₹1,144 crore in Q1. Profit before tax fell 4.7% to ₹1,412 crore from ₹1,482 crore. Tax expense rose 8.9% to ₹363 crore, and profit after tax declined 8.6% to ₹1,049 crore. Basic EPS was ₹1.22, compared with ₹1.33 in Q1; diluted EPS was ₹1.21, versus ₹1.32.
At 30 September 2026, advances stood at ₹3,35,641 crore, compared with ₹2,80,391 crore at 31 March 2026. Deposits rose to ₹3,48,369 crore from ₹2,94,312 crore, and borrowings increased to ₹53,968 crore from ₹36,633 crore. Total assets were ₹4,70,545 crore, up from ₹3,99,775 crore; investments increased to ₹1,02,270 crore from ₹85,646 crore.
For the quarter, operating cash flow was negative ₹5,349 crore and investing cash flow was negative ₹9,562 crore, while financing cash flow was positive ₹17,193 crore. Reported free cash flow was negative ₹14,911 crore. Cash and cash equivalents were ₹15,051 crore at 30 September, compared with ₹12,767 crore at 31 March.
Income and the balance sheet expanded, but sequential profit declined as expenditure excluding provisions grew faster than income and pre-provision operating profit weakened. Stable provisions did not prevent lower earnings. The growth in advances, deposits and borrowings, alongside the quarterly cash-flow movements, remains important context for assessing the bank’s expansion and funding profile.
Strategic Vision: Builds a world-class institution through ethical, digital, and social good banking.
Category: Financial Services
Offers savings accounts, personal loans, credit cards, NRI savings accounts, fixed deposits, and recurring deposits.
Category: Financial Services
Provides current accounts, business loans, and working capital solutions for Micro, Small, and Medium Enterprises.
Category: Financial Services
Offers banking services specifically catering to rural customers.
Category: Financial Services
Provides specialized financial solutions tailored for startup businesses.
Category: Financial Services
Includes corporate lending, cash management, supply chain finance, treasury, and NBFC financing.
Category: Financial Services
Offers services focused on wealth creation and management for clients.
Category: Financial Services
Provides banking solutions designed for government entities.
Category: Financial Services
Facilitates financial transactions related to domestic and international trade.
Core Thesis: The bank focuses on creating 'pull products' that customers actively seek, supported by a strong digital infrastructure and ethical practices.
• Digital Banking: Leverages a cloud-native, API-led, microservices architecture supported by data, analytics, and AI for service delivery. • Ethical Banking: Simplifies product descriptions and legal jargon, actively avoids dark patterns to ensure customer clarity and trust. • Social Good Alignment: Business model supports social initiatives through loans to women entrepreneurs, green financing, and SME support.
• Ethical, digital, and social good banking principles
• Technology stack built on cloud-native, API-led, microservices architecture
• Focus on customer-centric 'pull products' with attractive features