IDFC First Bank Q1 update: Loan book grows 21% YoY to Rs 3.05 lakh crore; shares rise 2%

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AI summary

IDFC First Bank reported provisional Q1 FY27 business update showing loan book growth of 21% YoY to around Rs 3.05 lakh crore, with deposits rising 18% YoY to Rs 3.12 lakh crore. CASA deposits grew nearly 25% YoY to Rs 1.59 lakh crore, lifting CASA ratio to 50.8% from 48% a year ago. Shares gained around 2% to Rs 81.30 after the update.