IDFC First Bank - Elevated Provisioning/Opex Drive Earnings Miss
IDFC First Bank (IDFCFB) reported a 3QFY25 PAT of INR3.4b (53% YoY decline, 32% miss to MOFSLe) due to an increase in opex (5% vs. our est) and...
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IDFC First Bank Ltd - MFI Stress Weighs on Earnings, RoA Improvement Delayed!
Focused efforts to drive Opex improvement – IDFCFB’s C-I Ratio has averaged at 70+%, ranging between 71-74% over the past 5 years
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IDFC First Bank Ltd - Elevated Provisions Dent Earnings, RoA Improvement Delayed!
Elevated provisions are a RoA dampener – IDFCFB’s provisions were significantly higher on account of prudent provision buffer of Rs 568 Cr created...
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IDFC First Bank - Elevated Credit Cost Drags Down Earnings
IDFC First Bank (IDFCFB) reported a 1QFY25 PAT of INR6.8b (-11% YoY, in line) dragged down by elevated provisions. NII grew 25% YoY to INR46.9b (in...
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IDFC First Bank Ltd. - RoA Improvement to 1.4% by FY27E In Sight, Maintain BUY!
Operational Performance: Advances growth was healthy at 21/4% YoY/QoQ, led by retail assets (+47/4% YoY/QoQ). The growth in corporate and...
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