More Than Just Q2 Numbers, IDFC FIRST Bank CEO On RBI Rates, Growth & Banking's Future
NDTV Profit · 26 Oct 2026 · 13 min
Management interview of IDFC First Bank Ltd (IDFCFIRSTB), with 10 key numbers discussed.
- V. Vaidyanathan, MD & CEO, IDFC FIRST Bank
IDFC FIRST Bank reported stable core loan and deposit growth at 20% ex-FCNRB, driven by strong operating leverage as expense growth lagged income growth by 500 bps. MD & CEO V. Vaidyanathan noted that net interest margin was temporarily impacted by excess liquidity from ₹25,000 crore in FCNRB deposits, which will be deployed over the next two quarters to bring NIM back to around 5.8% by Q4. Asset quality remains robust with GNPA at 1.4% and net NPA at 0.4%, alongside all-time low credit costs. The bank sees limited risk from rural distress given rural exposure is only 8-10% of disbursements.