Net interest income stood at Rs 4,287 crore in Q3 FY24, up 30% over Rs 3,285 crore in the same quarter last year.

Provisions and contingencies grew 45.44% to Rs 654.81 crore in Q3 FY24 from Rs 450.23 crore in Q3 FY23.

The capital adequacy ratio (CRAR) of the bank, stood at 16.73% as on 31 December 2023 as against 16.06% as of 31 December 2022.

On asset quality front, the gross non-performing assets (GNPA) stood at 2.04% in Q3 FY24 as against Rs 2.96% in Q3 FY23. The net non-performing assets (NNPA) was at 0.68% in Q3 FY24 as compared to 1.03% in Q3 FY23.

Loan & advances of the bank stood at Rs 1,89,475 crore as on 31 December 2023, registering a growth of 24.5%.

CASA deposit grew 28.6% at Rs 85,492 crore in Q3 FY24 from Rs 66,498 crore reported in Q3 FY23. CASA ratio slipped to 46.8% in Q3 FY24 as against 50% registered in Q3 FY23.

For Q3, return on assets (ROA) stood at 1.16% and return on equity (ROE) was at 10.67%.

Average LCR was strong at 121% for the quarter ending on 31 December 2023.

IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, Internet and mobile. The bank provides customized financial solutions to corporate, individuals, small and micro enterprises (SMEs), entrepreneurs, financial institutions and the government.

Shares of IDFC Bank rose 2.27% to close at Rs 87.67 on Saturday, 20 January 2024.