IDFC First Bank Profit Up 4.9% Amidst NII Growth

IDFC First Bank announced its financial results for the fourth quarter of FY26, revealing a 4.9% year-on-year rise in standalone net profit to ₹319 crore. The bank's performance was bolstered by a substantial 15.7% increase in net interest income, which reached ₹5,677 crore compared to the previous year.

Despite the positive movement in net interest income, the bank experienced a 41.6% year-on-year decrease in pre-provision operating profit, settling at ₹1,059 crore. This decline was attributed to pressures faced in non-interest income streams. The net interest margin saw a minor dip, moderating to 5.93% from 5.95% in the corresponding period last fiscal year.