IDFC First Bank MD & CEO Explains How ₹35,000 Crore FCNR Deposits Could Boost Margins By Q4 | ET Now
ET Now · 26 Oct 2026 · 16 min
Management interview of IDFC First Bank Ltd (IDFCFIRSTB), with 14 key numbers discussed.
- V. Vaidyanathan, MD & CEO, IDFC FIRST Bank
IDFC FIRST Bank expects its net interest margins to normalise by Q4 FY24 as it deploys excess liquidity from ₹34,000-35,000 crore of FCNR(B) inflows. MD & CEO V. Vaidyanathan highlighted that lower funding costs on these deposits, alongside operating leverage, will yield ₹350 crore in savings next year and buffer potential regulatory hits to insurance fee income. The bank targets steady 20% loan growth year-on-year, supported by strong retail capabilities and corporate expansion. Management remains on track to hit a 1% ROA for the full year FY27, backed by benign asset quality and an incremental cost-to-income ratio of 55%.