IDFC First Bank shared its on Tuesday Q3 Update In which the total deposits of the lender registered a growth of 10.48% 85,387 crore (provisional) in comparison to 77,289 crore from the year-ago quarter. IDFC First Bank shares fall over 1% 49 each trades on BSE on Tuesday afternoon.
The CASA ratio of the bank as on December 31, 2021 was 51.85% and the CASA ratio calculated on the basis of daily average balance was 50.54% for Q3FY22. Meanwhile, the housing loan book of the bank grew by 44.2% year-on-year during the quarter under review.
Mortgage backed businesses grew at 27.4% year-on-year (YoY) as of December 31, 2021. Mortgage-backed businesses accounted for 38.5% of the retail, commercial and rural banking business as of December 31, 2021. Infrastructure financing has increased by 30.6. % YOY and now accounts for 6.6% of the total funded assets as against 10.5% as on December 31, 2020.
“Effective December 31, 2021, the bank will segregate and report businesses across retail loans, commercial loans, rural loans, infrastructure loans and corporate loans,” IDFC First Bank said in an exchange filing today.
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