Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q2 FY27 Earnings Presentation
79 slides from Idfc First Bank's earnings presentation, Oct 24, 2026
Slide 1: Investor Presentation – Q2 FY27
Investor Presentation – Q2 FY27 October 24, 2026
Slide 2: Our Vision
Our Vision To Build A World Class Bank in India with Principles of Ethical, Digital & Social Good Banking 1
Slide 3: Bank at Glance, Q2 FY27 results
Bank at Glance, Q2 FY27 results Sep-26 Loans & Advances Total Deposits CASA Deposits Average CASA ratio US$ 35,453 Mn. US$ 36,463 Mn. US$ 17,360 Mn. 48.4% (14% QoQ | 30% YoY) (12% QoQ | 26% YoY) (5% QoQ | 20% YoY) (-167 bps QoQ | -22 bps YoY) Net Interest Income Fee & Other Income GNPA ratio NNPA ra
Slide 4: Management Commentary – Q2 FY27
Management Commentary – Q2 FY27 Sep-26 • Strong deposit growth: Total deposits grew 25.9% YoY and 11.8% QoQ to reach US$ 36,463 Mn. • Healthy CASA: Average CASA ratio remained strong at 48.4% in Q2 FY27. The slight decline from 50.1% was primarily due to the large mobilisation of FCNR(B) deposits du
Slide 5: Our Incremental Core RoA (excluding trading gains) is at 1.84%
Our Incremental Core RoA (excluding trading gains) is at 1.84% Sep-26 RoA Tree H1 FY27 Actuals RoA Tree on Incremental C:I for H1 FY27 Interest Income 10.7% 10.7% (A) Incremental Cost to Income ratio at Interest Expense 5.0% 5.0% (A) 55.0% NII 5.7% 5.7% (A) In US$ Million H1 FY26 H1 FY27 Incremental
Slide 6: Core Profit After Tax crosses US$ 105 Million
Core Profit After Tax crosses US$ 105 Million Sep-26 Core Profit after Tax has grown by 233.5% YoY and by 15.5% QoQ In US$ Million 108 94 78 45 33 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Core RoA 0.34% 0.45% 0.77% 0.88% 0.92% Reported RoA 0.38% 0.52% 0.33% 1.06% 0.93% Core PAT excludes Trading gain
Slide 7: Table of Contents
Product Strategy 1 Product Strategy 7 Liabilities TABLE 2 Liabilities 18 OF Assets CONTENTS 3 Asset Quality Assets 24 4 Profitability Capital Asset Quality 32 5 Profitability & Capital 41
Slide 8: The Bank has built a full Suite of Universal Banking Products and scaled them up
The Bank has built a full Suite of Universal Banking Products and scaled them up Sep-26 Corporate Retail Lending Lending Treasury & Rural Forex Lending V E R Solutions Transaction I S Banking & SME U N CMS Lending A L WHOLESALE BANKING RETAIL BANKING PRODUCTS PRODUCTS Trade Finance Deposits • • B So
Slide 9: IDFC FIRST Bank has developed capabilities to finance all customer segments
IDFC FIRST Bank has developed capabilities to finance all customer segments Sep-26 Book Composition of Retail Finance Corporate IDFC FIRST Bank in these segments New LAP Car Rural Finance Home Loan BBG Traditional Banks are MSME Finance Gold Loan 79% Tractor Loan primarily focus on Corporate Finance
Slide 10: Retail Financing
Retail Financing Sep-26 Diversified retail lending suite catering to customers’ key life-stage needs Mortgage Loans Consumer Durable Loans Two-Wheeler Loan Car Loans Personal Loans Gold Loan Retail Finance stood at US$ 22,135 Mn. on September 30, 2026 9
Slide 11: Rural Financing
Rural Financing Sep-26 Loans to farmers, rural entrepreneurs and women borrowers Microfinance (JLG) Loans Rural Entrepreneur Loans Tractor Loans Micro Enterprise Loans Kisan Credit Card Dairy Farmer Loans Rural Finance stood at US$ 2,641 Mn. on September 30, 2026 10
Slide 12: MSME Financing
MSME Financing Sep-26 Cash-flow based lending solutions for micro, small and medium enterprises SME Working Capital Loan SME Term Loans Loans to Micro Businesses (Kirana, Salon) Commercial Vehicle Financing Construction Equipment Financing Agri-Trade Finance MSME Finance Stood at US$ 4,157 Mn. on Se
Slide 13: Wholesale Finance
Wholesale Finance Sep-26 Comprehensive corporate banking suite, delivered through a 360-degree relationship approach Corporate Lending Financial Transactio Institutio n Banking ns & CMS Lending Wholesale Treasury Banking Trade & Forex Finance Solutions Non-Fund Supply Based Chain Facilities Financin
Slide 14: #1 Mobile Banking App in India, #2 Globally
Digital channels support growth of Retail Deposits Sep-26 SEGMENTED OFFERINGS Affluent Banking #1 Mobile Banking App in India, Salaried (Corp Salary) (Program) #2 Globally 31.4 Mn+ Non-Resident App Registrations Senior Citizen Savings Account 3 Mn+ Reviews Women SA Defense FIRST Power (First Power)
Slide 15: Private Wealth Management AUM grew to US$ 8,288 Mn
Private Wealth Management AUM grew to US$ 8,288 Mn Sep-26 AI-powered, research-led wealth platform simplifying investment decisions for affluent and HNI clients Private Wealth Book (US$ Million)^ Product Offerings FIRST Private Proposition 8,288 Mutual Funds Curated ACE Funds backed by deep research
Slide 16: Credit Cards in force cross 5 million
IDFC FIRST Bank Cards in force cross 5 million as the credit card franchise scales Sep-26 Wide range of card variants matching the multiverse of consumer needs CREDIT CARDS IN FORCE 5 mn cards in force as on Sep 30, 2026 Credit builders GenZ, Millennials Lifetime free 5 mn 50× 0.1 mn Mar-21 Sep-26 C
Slide 17: Largest Issuer of FASTags in NETC
Largest Issuer of FASTags in NETC (National Electronic Toll Collection) Sep-26 ▪ India’s FIRST FASTag accepted at Tolls, Fuel stations and Parking. ▪ As on Sept’26, Program leader with 42% Market share with respect to Toll Value paid per month. ▪ Largest Biller in NPCI’s Bharat Connect (BBPS) platfo
Slide 18: Customer Service is of prime importance, all gates open for service
Customer Service is of prime importance, all gates open for service Sep-26 Bank Branch Loan Centre Contact Centre Bank has 1,200 branches as on September 30, 2026. WhatsApp App Best-in-class Prime spot for CUSTOMER SERVICE customer service inside the Bank's app Website Email 39 million customers ser
Slide 19: Liabilities
2. LIABILITIES
Slide 20: Mobilised ~US$ 3.6 bn of FCNR(B) deposits from NRI Customers
Mobilised ~US$ 3.6 bn of FCNR(B) deposits from NRI Customers; Market share of 2.7% Sep-26 Key Highlights FCNR(B) Rs. 34,390 Cr GLOBAL CREDIT RATINGS (DEBUT) ~US$ 3.6 bn mobilised BBB- (Stable) | BBB- (Positive) S&P Global Ratings | CareEdge Global • Pursuant to strong FCNR(B) deposit flows during th
Slide 21: Since merger, CoF reduced by 183 bps while customer deposits grew
Since merger, the CoF reduced by 183 bps, yet the customer deposits grew at ~8-Year CAGR of 32.5% Sep-26 • Customer Deposits were up 26.9% YoY and 14.0% QoQ; Average customer deposits increased by 23.7% YoY and 10.3% QoQ during Q2FY27 • Customer Deposit growth excluding FCNR(B) during the Q2FY27 gre
Slide 22: CASA Deposits growth strong at 19.8% YoY
CASA Deposits growth strong at 19.8% YoY In US$ Million Sep-26 • Average CASA deposits grew 23.3% YoY in Q2 FY27, with average CA and SA deposits growing 30.0% and 22.3%, respectively • The average CASA ratio stood at 48.4% for Q2FY27 CASA Ratio CASA Deposits 47.6% 19.8% YoY 17,360 4.7% QoQ 15,340 1
Slide 23: Bank has diversified its liabilities base with 82% Customer Deposits in Retail
Bank has diversified its liabilities base with 82% Customer Deposits in Retail Sep-26 Retail deposits have increased from 27% of deposits at merger (Dec-18) to 82% currently which has strengthened the deposits side. Customer Deposits (US$ Million) Dec 18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar
Slide 24: Deposits & Borrowings Details
Deposits & Borrowings Details Sep-26 Dec-18 Particulars (In US$ Million) Sep-25 Jun-26 Sep-26 YoY Growth (Merger) Legacy Long Term & Infrastructure Bonds 2,805 60 - - - Refinance & Other Borrowings 3,225 1,957 3,031 5,144 162.9% Tier II Bonds - 471 471 471 - Total Borrowings 6,031 2,488 3,501 5,615
Slide 25: Assets
3. ASSETS
Slide 26: Bank has developed specialization in RAM book; grown consistently for 15 years
Bank has developed specialization in RAM book; grown consistently for 15 years Sep-26 RAM = Retail, Agri and MSME book Retail, Agri and MSME (RAM) Book (US$ Million) • The Bank has developed specialization in Cash Flow Evaluation & Digital Capabilities for these businesses FCNR (B) • The Bank has co
Slide 27: Wholesale Loan Book growing steadily
Wholesale Loan Book growing steadily Sep-26 Wholesale Loan Book (US$ Million) Growth Phase: Bank started regrowing the corporate loans with strong Reduction Phase: Upon merger, Bank reduced the legacy underwriting practices. Bank has a 360 degree approach for corporate infrastructure projects and la
Slide 28: Bank has reduced concentration risk in corporate banking
Bank has reduced concentration risk in corporate banking Sep-26 The exposure to top 20 single borrowers reduced from 16% in Mar-19 Rating wise distribution – Corporate Exposure to 5% in Sep-26 (excluding FCNR (B) backed loans to NRI Customers) September 30, 2026 16% A and Above 76% 13% 12% 9% 7% 6%
Slide 29: Total Loan Assets grew @ 30% YoY
Total Loan Assets grew @ 30% YoY (including FCNR (B) backed loans) Sep-26 Growth of 22.2% YoY and 5.7% QoQ in loan assets (gross of IBPC and excluding FCNR(B)-backed loans to NRI customers) Total Loan Assets In US$ Million Loan growth started after building strong deposit franchise 36,288 30.1% YoY
Slide 30: Bank has transformed its credit book from wholesale to a well diversified book
Bank has transformed its credit book from wholesale to a well diversified book across several products Sep-26 The Bank has transformed the loan book from largely wholesale credit book to a well diversified book of Retail, Agri, MSME and Corporate Banking. The portfolio is well diversified across mor
Slide 31: The Bank has diversified its loan book across more than 25 business lines
The Bank has diversified its loan book across more than 25 business lines Sep-26 Loan Book: September 30, 2026 US$ 36,288 Mn. Other Corporates incl SE/SR 2% Home Loan 8% Financial Institutions 9% Loan Against Property 11% Corporate Loans 9% Other Commercial Loan 0.3% Business Banking 4% Other Retail
Slide 32: YoY Loan Growth driven by Mortgage, Vehicle, Consumer, MSME & Wholesale Loans
YoY Loan Growth driven by Mortgage, Vehicle, Consumer, MSME & Wholesale Loans Sep-26 Gross Loans Assets (In US$ Million) Dec-18 Sep-25 Jun-26 Sep-26 QoQ (%) YoY (%) Excluding FCNR (B) backed loans the Retail Retail Finance 2,811 16,344 18,744 22,135 18.1% 35.4% Finance grew 4.2% QoQ and 19.5% YoY Mo
Slide 33: Asset Quality
4. ASSET QUALITY
Slide 34: The fundamental underwriting principle of the Bank explained
The fundamental underwriting principle of the Bank explained Sep-26 Cashflow • Cashflow analysis is the core part of our underwriting process. Bank assess customer cashflows, estimate repayment capacity and Analysis determine loan eligibility accordingly. • We leverage India’s digital public infrast
Slide 35: 0-30 DPD collection efficiency stable at 99.5%
0-30 DPD collection efficiency stable at 99.5% Sep-26 Collections % do not include any arrear or prepayment collections and hence represents true collections efficiency. Stable 99.4% 99.4% 99.5% 99.5% 99.5% 99.5% 99.5% 99.6% 99.4% 99.4% 99.3% 99.4% 99.4% 99.4% 99.5% 99.6% 99.5% 99.5% Q1 FY23 Q2 FY23
Slide 36: 31-90 DPD for Retail, Agri and MSME loan book stable
31-90 DPD for Retail, Agri and MSME book loan book stable Sep-26 RAM = Retail, Agri and MSME book SMA 1 = 31-60 dpd Pre -NPA NPA >90 dpd SMA 2 = 61-90 dpd 2.19% 2.23% SMA-1 & SMA-2 portfolio as % of RAM Loan Book 1.66% 1.03% 1.07% 0.97% 0.97% 0.84% 0.81% 0.78% 0.77% 0.72% Mar-20 Mar-21 Mar-22 Mar-23
Slide 37: >90 DPD: Overall Bank level NPA is stable
>90 DPD: Overall Bank level NPA is stable Sep-26 Assets sold to ARC of US$ 252 Mn. in Jul- COVID Pandemic Stable Asset Quality Aug’18 6.16% Assets sold to GNPA% NNPA% ARC of US$ Merger of IDFC 424 Mn. in Bank & Capital Mar’17 First in Dec’18 4.15% 3.70% Formation of 3.31% 3.00% IDFC Bank in Oct’15 2
Slide 38: RAM asset quality has been stable over 15 years through credit cycles
RAM asset quality has been stable over 15 years through credit cycles Sep-26 RAM = Retail, Agri and MSME book • Corridor of technology-led and cash-flow based underwriting approach, the Bank has maintained strong asset quality for over 15 years, with Gross NPA and Net NPA of approximately 2% and <1%
Slide 39: Wholesale Business Gross NPA and Net NPA are stable
Wholesale Business Gross NPA and Net NPA are stable Sep-26 Wholesale Banking 7.16% 6.31% Gross NPA% Net NPA% 4.49% 4.60% 3.63% 2.80% 2.73% 2.65% 2.26% 2.43% 2.31% 2.23% 2.01% 1.76% 1.68% 1.46% 1.44% 0.05% 0.04% 0.03% 0.08% 0.10% 0.09% 0.09% Dec-19 (Pre Covid) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-2
Slide 40: NPA Movement
NPA Movement Sep-26 Description (US$ Million) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Opening NPAs 509 506 483 477 472 ADD: Gross additions 236 219 186 182 198 LESS: Recoveries and Upgrades -55 -54 -65 -65 -72 Net Addition to NPA 182 165 121 116 126 LESS: Write-offs -185 -188 -127 -122 -131 Closing
Slide 41: Average Credit Cost improved to 1.01% of Average Total Assets for Q2 FY27
Average Credit Cost improved to 1.01% of Average Total Assets for Q2 FY27 Mar-26 Credit Cost to Average Loan Assets Credit Cost to Average Total Assets 2.69% 2.24% 2.05% 1.92% 1.58% 1.63% 1.53% 1.45% 1.38% 1.18% 1.13% 1.01% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 • Q2FY27 provisions include
Slide 42: Profitability & Capital
[| PROFITABILITY & CAPITAL |
Slide 43: Balance Sheet
Balance Sheet Sep-26 In US$ Million Sep-25 Jun-26 Sep-26 YoY Shareholders' Funds 4,863 5,089 5,172 6.4% Deposits 28,951 32,625 36,463 25.9% - CASA Deposits 14,496 16,579 17,360 19.8% - Term Deposits and Certificate of Deposits 14,455 16,046 19,103 32.2% Borrowings 4,266 4,329 5,644 32.3% Other liabi
Slide 44: Half-yearly Income Statement
Half-yearly Income Statement Sep-26 Growth (%) In US$ Million H1 FY26 H1 FY27 YoY Interest Income 2,048 2,403 17.3% Interest Expense 997 1,131 13.5% Net Interest Income 1,051 1,272 21.0% Fee & Other Income 373 462 23.7% Trading Gain 58 20 -65.0% Operating Income 1,482 1,753 18.3% Operating Income (E
Slide 45: Quarterly Income Statement
Quarterly Income Statement Sep-26 Growth (%) Growth (%) In US$ Million Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY Interest Income 1,039 1,156 1,247 7.9% 20.0% Interest Expense 505 531 600 13.0% 18.9% Net Interest Income 535 625 647 3.5% 21.0% Fee & Other Income 192 223 239 7.4% 24.5% Trading Gain 6 19 1 -93.8%
Slide 46: NIM declined as average earning assets expanded due to FCNR (B) backed loans
NIM declined as average earning assets expanded due to FCNR (B) backed loans Sep-26 Net interest margin moderated by ~32 basis points, from 5.90% in Q1FY27 (excluding interest on income tax refund) to 5.58% in Q2FY27 FCNR proposition is accretive for KEY TAKEAWAYS Net Interest Income ✓ • On an overa
Slide 47: Breakup of Fee & Other Income – H1 FY27
Breakup of Fee & Other Income – H1 FY27 Sep-26 • 91% of the fee income & other income is from retail banking operations. • Fee to Average total assets stood at 2.06% for H1 FY27 compared to 2.00% for H1 FY26 • Fee to Average total assets stood at 2.03% for Q2 FY27 compared to 1.99% for Q2 FY26 Loan
Slide 48: Composition of Operating Expenditure – H1 FY27
Composition of Operating Expenditure – H1 FY27 Sep-26 Volume linked expenses include collection cost, Risk Containment Unit cost, credit administration cost, DICGC premium, credit card reward cost, UPI & RTGS charges etc. Channel Sourcing expenses included commissions & charges paid to the channels.
Slide 49: Improving cost to income ratio across business segments with scale
Improving cost to income ratio across business segments with scale Sep-26 Cost to Income ratio (excluding trading gains) of the Bank improved 358 bps to 70.2% in Q2-FY27 from 73.7% in Q2-FY26 Overall Bank: Cost to Income Ratio Trend (Excluding Trading Gain) Pre-merger 95.1% 85.2% 78.8% 77.8% 76.9% 7
Slide 50: Assets Cost to Income ratio improving with normalcy in the microfinance segment
Assets Cost to Income ratio improving with normalcy in the microfinance segment Sep-26 Assets: Cost to Income Ratio Trend 59.7% 59.2% 57.7% 56.1% 56.5% 52.7% 53.2% With the normalizing of the microfinance business, the C:I is improving gradually FY22 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 Based on appl
Slide 51: Cost to Income ratio for Retail Liabilities came down from 226.5% to 136.9%
Cost to Income ratio for Retail Liabilities came down from 226.5% to 136.9% Sep-26 Retail Liabilities: Cost to Income Ratio Trend 226.5% • Bank has invested in developing the franchise (Branches, 196.7% ATMs, Products, People, technology) for raising deposits 181.6% over the years. 171.1% • With gro
Slide 52: Cost to Income ratio for Credit Card has improved from 240.0% to 77.5%
Cost to Income ratio for Credit Card has improved from 240.0% to 77.5% in Q2 FY27 Sep-26 Credit Cards: Cost to Income Ratio Trend 240.0% 164.6% Credit card business was set up in FY22, and the C:I ratio has come down from 240% to 80.4% by H1 FY27. 116.0% 99.8% 95.4% We expect the same trend to conti
Slide 53: Profitability Jaws expanding by ~500 bps
Profitability Jaws expanding by ~500 bps Sep-26 YoY Growth of Operating Income (Excluding Trading Gains) YoY Growth of Operating Expenses Microfinance headwinds weighed on operating income, while technology-led 21.5% 21.9% efficiencies and cost discipline moderated opex growth. Δ511 bps Δ592 bps 17.
Slide 54: Strong growth in profitability in H1 FY27
Strong growth in profitability in H1 FY27 Sep-26 • The Asset Businesses (RAM & Wholesale Banking) have strong profitability even after factoring for provisions. • The Bank is investing the profits from lending business into building the deposit, rural and other businesses. • The Return on Assets (Ro
Slide 55: Assets: Profitability
Assets (Retail Loans, Credit Cards & Wholesale Banking) : Profitability Sep-26 Operating Profit as a % of Average Loan Book (Retail + Credit Cards + Wholesale) US$ Million Avg. Loan Book 10,938 10,739 11,792 14,904 18,925 23,028 27,305 32,350 4.6% 4.4% 4.1% 3.6% 3.4% 3.4% 3.0% 2.3% FY20 FY21 FY22 FY
Slide 56: Retail Liabilities Business: Moving towards break even with scale and productivity
Retail Liabilities Business : Moving towards break even with scale and productivity Sep-26 • Being a new Bank, we had to invest in building branch infrastructure, people, digital platforms and other capabilities. • With increasing scale, Operating losses as % of Deposits continues to reduce, trend e
Slide 57: Capital Adequacy Ratio
Capital Adequacy Ratio Sep-26 In US$ Million Sep-25 Jun-26 Sep-26 Common Equity * 4,677 4,952 5,064 Tier 2 Capital Funds 654 641 652 Total Capital Funds 5,332 5,593 5,716 Total Risk Weighted Assets 31,703 37,158 38,974 CET-1 Ratio (%) 14.75% 13.33% 13.00% Total CRAR (%) 16.82% 15.05% 14.67% * Sep-25
Slide 58: Bank's net worth has increased consistently over the last 6 years
Bank’s net worth has increased consistently over the last 6 years Sep-26 Net Worth (US$ Million) 5,172 4,953 3,983 3,364 2,690 Pre- merger 2,197 1,900 1,863 1,596 1,605 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 57
Slide 59: BVPS grew from US$ 0.33 to US$ 0.60 since March 2021
BVPS grew from US$ 0.33 to US$ 0.60 since March 2021 Sep-26 In US$. Book Value Per Share (BVPS) reduced during the first few years after merger Since Mar-21, the BVPS increased by 83% due to credit losses arising from legacy corporate and infrastructure loans 0.60 0.58 0.54 0.47 0.48 0.40 0.40 0.41
Slide 60: Shareholding Pattern
Shareholding Pattern Sep-26 Scrip Name: IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Shareholding (September 30, 2026) Other Body Trusts and Clearing Others (0.30%) Corporate (1.51%) Members (0.01%) President of India Total No. of shares 862.28 Cr (7.73%) FDI/FPI/FC/FN (36.66%) Book Value per Share
Slide 61: Bank's Long Term Credit Rating
Bank’s Long Term Credit Rating Sep-26 Rating Agency Rating Deposit Fixed Rating assigned in October CRISIL AAA 2024 and maintained thereafter ICRA AA+ (stable) Ratings upgraded during India Ratings AA+ (stable) May - June 2023 and Credit Rating maintained thereafter Long Term CRISIL AA+ (stable) CAR
Slide 62: ESG highlights at IDFC FIRST Bank
ESG highlights at IDFC FIRST Bank Sep-26 Embed ESG as a core driver of responsible growth, risk resilience, and long-term value Global Associations ESG Vision & Strategy creation for IDFC FIRST Bank FIRST ENSURE ( Enabling Sustainability Responsibly ) IDFC FIRST Bank is an official supporter of the
Slide 63: ESG Ratings & Recognitions
ESG Ratings & Recognitions Sep-26 Performance across Key ESG Ratings* ESG Awards & Recognitions won by IDFC FIRST Bank MSCI ESG Ratings CDP Score AA C CCC AAA F A UBS Forums Green Urja Awards IGBC Sustainability Impact Award Financial Institution in Green Green Champion Award (Jun 2026) Energy - Gol
Slide 64: Awards and Recognition
Awards and Recognition Sep-26 Digital & Retail Banking ESG & Green Banking MSME & Financial Inclusion Overall Bank & Employer Best Innovation in Retail Banking India 2026 Sustainability Impact Award India Domestic Cash Management Bank of the Most Customer Friendly Bank India 2026 International Banke
Slide 65: IDFC FIRST Bank
IDFC FIRST Bank We are building a world class bank with: - Highest levels of corporate governance - Stable balance sheet growth of ~20%, - Robust asset quality of GNPA less than 2% and net NPA of < 1% - High teens ROE - Contemporary technology and - High levels of Customer Centricity.
Slide 66: Annexure
Annexure
Slide 67: Progress since merger
Progress since merger Sep-26 Parameters CAPITAL FIRST IDFC Bank Upon merger Now Change Since (US$ Million) (30-Sep-18) (30-Sep-18) (31-Dec-2018) (30-Sep-2026) Merger Loan Assets 3,412 7,880 10,948 36,288 17% CAGR (Loan Book + credit substitutes) Customer Deposit 0 (NBFC) 3,804 4,022 35,713 33% CAGR
Slide 68: Product-wise SMA trend analysis (5 quarters)
Product-wise SMA trend analysis (5 quarters) Sep-26 RAM = Retail, Agri and MSME book Product-wise SMA-1 & SMA-2 portfolio IMPROVED Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 SMA-1 & 2 for overall RAM portfolio reduced from 0.77% in Jun-26 to 0.72% in Sep-26 STABLE 1.76% 1.69% 1.50% ↓ 11 bps 1.49% 1.49% 1.35
Slide 69: Product-wise GNPA trend analysis (5 quarters)
Product-wise GNPA trend analysis (5 quarters) Sep-26 RAM = Retail, Agri and MSME book Product-wise Gross NPA portfolio IMPROVED Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 7.76% Gross NPA for RAM portfolio improved from 1.40% as on Jun-26 to 1.24% as on Sep-26 (1.36% excluding FCNR loans) 5.00% 4.72% ↓ 107 b
Slide 70: Product-wise NNPA trend analysis (5 quarters)
Product-wise NNPA trend analysis (5 quarters) Sep-26 RAM = Retail, Agri and MSME book Product-wise Net NPA portfolio IMPROVED Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Net NPA for RAM book improved from 0.52% as on Jun-26 to 0.47% as on Sep-26 (0.51% excluding FCNR loans) 1.49% 1.14% STABLE ↓ 07 bps 0.80%
Slide 71: Price Movement Since Merger: IDFC FIRST Bank vs NIFTY Private Bank Index
Price Movement Since Merger: IDFC FIRST Bank vs NIFTY Private Bank Index (%) Sep-26 December 12, 2018 October 23, 2026 % Change IDFC FIRST Bank Limited US$ 0.39 US$ 0.76 92.3% NIFTY Private Bank Index 15,041.8 26,656.3 77.2% US$1.04 US$ 0.76 23-Oct-2026 26,656.30 23-Oct-2026 US$ 0.39 Dec-12-2018 US$
Slide 72: How IDFC FIRST Bank Was Created
How IDFC FIRST Bank Was Created Sep-26 • IDFC Limited was created in • Capital First was an NBFC IDFC FIRST Bank was created 1997 for financing infrastructure. created in 2012, focussed on through the merger of IDFC MSME and retail loans through Bank and Capital First, on 11th • IDFC Bank was create
Slide 73: Background: IDFC FIRST Bank was created by merger of IDFC Bank and Capital First
Background: IDFC FIRST Bank was created by merger of IDFC Bank and Capital First Sep-26 IDFC Limited was created in 1997 for financing infrastructure. Capital First was an NBFC created in 2012, focussed on MSME and IDFC Bank Limited was formed as a part of demerger from its retail loans through tech
Slide 74: IDFC Bank – Financial Trends
IDFC Bank – Financial Trends Sep-26 Loan Assets (US$ Mn.) Networth (US$ Mn.) 1,596 Net Interest Margin (%) 7,880 7,642 7,348 13% 1,546 2.0% 2.1% 11% 1,535 1.9% 4% 1.7% 5,638 1% 72% 70% 69% 1,426 90% 26% 20% 15% 9% FY16 FY17 FY18 H1FY19 Mar-16 Mar-17 Mar-18 Sep-18 Mar-16 Mar-17 Mar-18 Sep-18 Others W
Slide 75: Capital First – Financial Trends
Capital First – Financial Trends Sep-26 (US$ Mn.) Cost to income came down to Strong growth in AUM 5 Year PAT CAGR of 56% <50% with scaling up of business Wholesale AUM Retail AUM Total AUM 3,412 128% 115% 34 2,824 ~ 70 – 80% < 50% 25 2,074 72% 74% 78% 80% 71% 22 1,678 59% 51% 51% 53% 17 48% 12 1,25
Slide 76: Board of Directors: MD & CEO Profile
Board of Directors: MD & CEO Profile Sep-26 Vaidyanathan aspires to build “A World Class Bank in India with Principles of Ethical, Digital & Social Good”. He took over as the Managing Director and CEO of IDFC FIRST Bank in December 2018 on merger of erstwhile Capital First and erstwhile IDFC Bank. P
Slide 77: Board of Directors
Board of Directors Sep-26 MR. SANJEEB CHAUDHURI MR. AASHISH KAMAT MR. S. GANESH KUMAR Chairman & Independent Director Independent Director Independent Director • Advisor to global organizations across Europe, the US and • Has over 32 years of experience in corporate world, with 24 • Worked as Execut
Slide 78: Disclaimer
Disclaimer Sep-26 This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute
Slide 79: Thank You
Thank You