{"id":21049,"date":"2025-01-25T16:00:08","date_gmt":"2025-01-25T16:00:08","guid":{"rendered":"https:\/\/popularreads.co\/idfc-first-bank-q3-fy25-pat-at-rs-339-crore-core-operating-profit-up-15-yoy-2\/"},"modified":"2025-01-25T16:00:08","modified_gmt":"2025-01-25T16:00:08","slug":"idfc-first-bank-q3-fy25-pat-at-rs-339-crore-core-operating-profit-up-15-yoy-2","status":"publish","type":"post","link":"https:\/\/popularreads.co\/?p=21049","title":{"rendered":"IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 crore, Core Operating Profit up 15% YoY"},"content":{"rendered":"<div class='booster-block booster-read-block'>\n                <div class=\"twp-read-time\">\n                \t<i class=\"booster-icon twp-clock\"><\/i> <span>Read Time:<\/span>10 Minute, 28 Second                <\/div>\n\n            <\/div>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Mumbai, January 25, 2025:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">IDFC FIRST Bank has reported a strong financial performance for Q3 FY25, with a Profit After Tax (PAT) of Rs. 339 crore and a 15% YoY increase in core operating profit. The bank saw significant growth in key areas, including a 28.8% rise in customer deposits and a 22% increase in loans and advances. Despite challenges in the microfinance sector, the bank\u2019s asset quality remains stable, supported by a solid capital position following its recent merger.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:8pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Financial results<\/strong><\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:8pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">IDFC FIRST Bank today announced the unaudited financial results for the quarter and nine months ended December 31, 2024.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Deposits &amp; Borrowings<\/u><\/strong><\/span><\/span><\/p>\n<ul>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Customer Deposits<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> increased\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>28.8%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,76,481 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 2,27,316 crore\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">as of December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Retail Deposits\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">grew by<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong> 29.6%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,39,431 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,80,752<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>CASA Deposits<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>32.3%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 85,492 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,13,078 crore\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">as of December 31, 2024.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>CASA Ratio<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> stood at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>47.7%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Retail Deposits\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">constitute<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong> ~80%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">of total customer deposits as of December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Cost of Funds\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">for the Bank was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>6.49%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3-FY25. Excluding the high-cost legacy borrowings, the cost of funds was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>6.43%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3-FY25. The cost of deposits remained stable at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>6.38%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">over Q2 FY 25<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>.<\/strong><\/span><\/span><\/li>\n<\/ul>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Other Businesses<\/u><\/strong><\/span><\/span><\/p>\n<ul>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Credit cards<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> issued by the Bank crosses 3.2 million mark during last quarter.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Wealth Management<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> AUM (including deposit balances) grew\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>53%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YoY to touch\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 42,778 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Fastag:<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> Bank remains the largest issuer bank with\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>22<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> million FASTag issued.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Tax collections:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Bank has been empaneled to collect Direct Taxes on behalf of Central Board of Direct Taxes (CBDT) and GST collections on behalf of Central Board of Indirect Taxes and Customs (CBIC), Govt. of India. Bank has completed technical integration and started collecting taxes.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Loans and Advances\u00a0<\/u><\/strong><\/span><\/span><\/p>\n<ul>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Loans and Advances\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">(including credit substitutes) increased by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>22.0%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,89,475<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 2,31,074 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The retail book of the bank grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>21.3% YoY<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> while the corporate (non-infrastructure) loans grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>28.9%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YoY at December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The Bank\u2019s legacy infrastructure book reduced by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>15<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">% YoY to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">.\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>2,546<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024, constitutes\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.1%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> of the total funded assets of the Bank.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Microfinance portfolio as % of overall loan book reduced from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>5.6%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Sep-2024 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>4.8%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Dec-2024.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Assets Quality<\/u><\/strong><\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Considering the increase in delinquency of the micro finance business across the industry, the bank is tracking the microfinance business closely. The asset quality indicators, including gross NPA, net NPA, SMA, and Provisions of the Non-microfinance business, which is ~95% of the total loan book, is stable.<\/span><\/span><\/p>\n<ul>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><i><span style=\"font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>NPA Details<\/strong><\/span><\/i><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Gross NPA<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.94%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024, against\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>2.04%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Net NPA\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>0.52%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024, against\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>0.68%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Excluding micro-finance business, the GNPA was at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.81%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">as of December 31, 2024 as compared to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.88%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of September 30, 2024<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Gross NPA<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> of the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Retail, Rural and MSME Finance<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> stood at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.63%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024 as compared to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.45%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Net NPA<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> of the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Retail, Rural and MSME Finance<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>0.59%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024 and\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>0.51%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2023.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>PCR\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">of the bank stood at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>73.6%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024 as compared to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>66.9%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">as of December 31, 2023.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The gross slippage for Q3-FY25 was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 2,192<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as compared to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 2,031 crores<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q2 FY 2025, an increase of\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 162<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> crores. Majority of the increase in slippage during Q3FY 25 was from the micro-finance business which constituted Rs. 143 crores out of the said Rs. 162 crores. Hence, gross slippage on the Retail, MSME, Agri and Corporate Loans, i.e the non-microfinance business was stable. These businesses constituted ~95% of the total book of the Bank.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><i><span style=\"font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>SMA Positions:<\/strong><\/span><\/i><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>SMA-1+2<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Retail, Rural and MSME Finance portfolio excluding the micro-finance book improved by 3 bps on QoQ basis from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>0.85%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of September 30, 2024 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>0.82%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>SMA-1+2\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">in all the key products including Mortgages, Vehicle Loans, Personal Loans and Credit Cards remained stable as compared to Q2 FY25.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>SMA-1+2<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in the micro-finance business increased to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>4.56%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> as of December 31, 2024 from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>2.54<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">% as of September 30, 2024.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><i><span style=\"font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Provisions:<\/strong><\/span><\/i><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Provisions for Q3 FY25 stood at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,338 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">, driven by the higher slippages in in the Micro-Finance book. Excluding micro-finance, the provisions were stable for the Non-microfinance book.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>The Bank has not utilized any micro-finance provision buffers in Q3-FY25 during the quarter on a prudent basis.<\/strong><\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The annualized provision for Q3-FY25 including micro-finance stood at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>2.31%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> of the total funded assets.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Excluding the micro-finance portfolio, the quarterly annualized credit cost for the loan book for Q3-FY25 was stable at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1.8%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The incremental disbursals in micro-finance are insured by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>CGFMU.<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> The\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>insurance coverage\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">of the overall portfolio has increased from 0% to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>58%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in one year.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Profitability<\/u><\/strong><\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/p>\n<ul>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Net Interest Income (NII)<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> grew\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>14%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">.\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>4,287 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY24 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 4,902 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY25. For the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>9M-FY25<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">, the growth of NII was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>20.1%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> on YoY basis.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Net Interest Margin (NIM)<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> of the Bank was at\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>6.04%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> for Q3-FY25 as compared to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>6.18%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q2-FY25. NIM declined during the quarter largely due to decline in the micro-finance business and increase in composition of Wholesale Banking business.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Fee and Other Income\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>20%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">.\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>1,469 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY24 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,757 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY25. For the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>9M-FY25<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">, the growth of Fee and Other Income was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>18.9%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> on YoY basis.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Operating income\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">grew\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>15%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">.\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>5,803 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY24 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 6,682 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY25. For the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>9M-FY25<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">, the growth of Operating Income was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>19.4%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> on YoY basis.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Operating Expense\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>16%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">.\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>4,241 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY24 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 4,923 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY25. For the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>9M-FY25<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">, the growth of Operating Expenses was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>18.2%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> on YoY basis.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Core Operating Profit\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">(excluding trading gain) grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>15%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> YOY from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,515 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> in Q3 FY24 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 1,736 crore<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> for Q3 FY25, impacted by micro-finance business.\u00a0<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Including trading gains,\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>operating profit\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">increased by<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong> 13%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">YOY. For the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>9M-FY25<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">. The Core Operating Profit (excluding trading gains) was\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>23.9%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> on YoY basis.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Net Profit<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> de-grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>53%\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">from<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong> Rs.716 crore\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">in Q3 FY24 to\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 339 Crore\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">in Q3 FY25, sequentially it grew by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>69%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> QoQ from\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 201 crore\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">in Q2 FY25. For the\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>9M-FY25<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">, the Net profit decreased by\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>45.3%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> on YoY basis. The profit was largely impacted by reduced income from slowing down disbursal of micro-finance loans, increase in provisions on micro-finance and normalization of credit costs of non-microfinance business.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Capital Position\u00a0<\/u><\/strong><\/span><\/span><\/p>\n<ul>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The Bank successfully completed merger with IDFC Ltd in October 2024 through which\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Rs. 618 crore\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">of<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">capital have been added to the net-worth whereas, the outstanding share count has reduced by 16.64 crore shares.<\/span><\/span><\/li>\n<li style=\"background-color:transparent;color:#000000;font-family:'Noto Sans Symbols', sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">Including profits for 9M-FY25 and post the impact of merger as mentioned above, total CRAR as on December 31, 2024 would have been\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>16.11%<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\"> with CET-1 ratio of\u00a0<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>13.68%.<\/strong><\/span><\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;vertical-align:baseline\"><strong><u>Comments from Managing Director &amp; CEO<\/u><\/strong><\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Mr. V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank,\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">said,<\/span><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>\u00a0<\/strong><\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\">\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u201cOur bank continues to grow well on loans and deposits. Our customer deposits is growing strongly at 29% YoY to reach Rs. 2,27,316 crores, with the CASA ratio sustaining at 48%. The loans &amp; advances grew steadily by 22% YoY to reach Rs. 2,31,074 Crores.\u201d<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\">\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">We are specifically tracking Micro-finance loan book closely considering the industry situation. The asset quality of the overall Bank\u2019s loan book is stable with Gross NPA at 1.94% and Net NPA at 0.52%. Excluding the micro-finance loan book, the GNPA and NNPA of the book of the bank is even lower 1.81% and 0.49%.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\">\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The credit issues in Microfinance segment as a transitionary issue which is likely to be resolved within a few quarters. The Bank built this business because it was important from priority sector lending norms point of view, particularly meeting PSL norms for Weaker Sections and Small and marginal farmers PSL categories.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\">\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">All other businesses being built as part of universal banking, including deposits, loans, Credit Cards, Wealth, Cash Management, Corporate Banking, Fastag, Gold Loans are doing well. Over the next few years, the C:I will come down because of operating leverage, as we scale up. As mentioned earlier, the bank is growing steadily in scale.\u201d<\/span><\/span><\/p>\n<p>\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:12pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>About IDFC FIRST Bank<\/strong><\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\">\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Vision:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">IDFC FIRST Bank is building a world-class bank in India, guided by four core principles: Ethical Banking, Customer-Friendly Banking, Digital Banking, and Social Good Banking.\u00a0<\/span><\/span><\/p>\n<p>\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">IDFC FIRST Bank was created by the merger of infrastructure financing Giant IDFC Bank and retail financing specialist Capital First in December 2018. Earlier, IDFC Bank launched commercial Banking operations in 2016.<\/span><\/span><\/p>\n<p>\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>\u201cUniversal\u201d Bank:<\/strong><\/span><\/span><span style=\"background-color:transparent;color:#9f181e;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>\u00a0<\/strong><\/span><\/span><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">IDFC FIRST Bank offers products and services across all segments including Retail, MSME, Rural, startups, Corporate Banking, Cash Management, Wealth Management, Retail Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:8pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Ethical Banking:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The Bank follows a &#8220;Near and Dear&#8221; test to ensure that all products are so friendly that the employees can confidently recommend to their loved ones. The Bank holds the belief that income earned unethically is not worth earning. The bank is committed to doing right by customers, even when no one is watching.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:8pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">In line with the above, the Bank has simplified descriptions, calculations, and legal jargon to avoid confusing customers. The Bank offers zero fees on most services in savings accounts, such as SMS alerts, IMPS, RTGS, NEFT, cash deposits, non-home branch access, ATM and branch cash withdrawals, third-party transactions, cheque books, demand drafts, pay orders, duplicate statements, and other commonly charged services. It is the first and only bank in India\u202ftill date to do so.\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Customer Friendly Banking:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">IDFC FIRST Bank provides monthly interest credit on savings accounts. In credit cards, the Bank offers lifetime free cards without minimum spend conditions, rewards points that do not expire, zero interest on cash withdrawal at ATMs and dynamic low APR. Fees, if applicable are transparent and clearly described for easy understanding. We love making great products that customer love to have.\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\">\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Technology led banking:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The Bank has built a modern technology stack which has enabled the Bank to offer our customers an advanced mobile banking app with 250 features. It has a high rating of 4.8 on Google Playstore and Appstore. FORRESTER the internationally renowned rating entity has rated the app the best in India and among the top 20 apps in the world for two years in a row.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The advanced technology stack has also enabled us to offer high quality service across all channels including mobile banking, branch, internet banking, Call Centre, Relationship Managers, and all other channels.<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u00a0<\/span><\/span><\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>Social Good Banking:\u00a0<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">The Bank\u2019s business is inherently designed to promote financial inclusion while maintaining consistently high asset quality. The Bank has financed over 40 million customers, including 16 million lifestyle improvement loans for laptops, washing machines and such purposes, 15 million loans to 4.3 million women entrepreneurs, 6.5 million loans for two-wheelers and cars, 1 million sanitation loans for toilets, water fittings etc., 1 million livelihood loans for cattle, 3,00,000 SME loans and 1,00,000 Home loans.<\/span><\/span><\/p>\n<p>\u00a0<\/p>\n<p style=\"line-height:1.2;margin-bottom:0pt;margin-top:0pt;text-align:justify\" dir=\"ltr\"><span style=\"background-color:transparent;color:#000000;font-family:Arial, sans-serif;font-size:10pt\"><span style=\"font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><strong>ESG Goals:<\/strong><\/span><span style=\"font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline\">\u202fThe Bank is incorporating ESG in every aspect of working and has high ESG scores.\u00a0The Bank believes that to get an opportunity to create a new age, ethical and world class Bank for India is a great privilege for its employees.<\/span><\/span><\/p>\n        <div class=\"booster-block booster-reactions-block\">\n            <div class=\"twp-reactions-icons\">\n                \n                <div class=\"twp-reacts-wrap\">\n                    <a react-data=\"be-react-1\" post-id=\"21049\" class=\"be-face-icons un-reacted\" href=\"javascript:void(0)\">\n                        <img decoding=\"async\" src=\"https:\/\/popularreads.co\/wp-content\/plugins\/booster-extension\/\/assets\/icon\/happy.svg\" alt=\"Happy\">\n                    <\/a>\n                    <div class=\"twp-reaction-title\">\n                        Happy                    <\/div>\n                    <div class=\"twp-count-percent\">\n                                                    <span style=\"display: none;\" class=\"twp-react-count\">0<\/span>\n                        \n                                                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The bank saw significant growth in key areas, including a 28.8% rise in customer deposits and a 22% increase in loans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[],"class_list":["post-21049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agency-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 crore, Core Operating Profit up 15% YoY<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/popularreads.co\/?p=21049\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 crore, Core Operating Profit up 15% YoY\" \/>\n<meta property=\"og:description\" content=\"Mumbai, January 25, 2025:\u00a0IDFC FIRST Bank has reported a strong financial performance for Q3 FY25, with a Profit After Tax (PAT) of Rs. 339 crore and a 15% YoY increase in core operating profit. 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