IDFC First Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 29, 2025
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IDFC First Bank has notified the stock exchanges that its 11th Annual General Meeting will be held on July 29, 2025 at 2:00 PM via video conferencing, along with the Integrated Annual Report for FY 2024-25 sent to shareholders. For FY25, the bank reported loans and advances of ₹2,41,926 crore (up 20.4%) and total deposits of ₹2,52,065 crore (up 25.7%), with a healthy CASA ratio of 46.9%. Core operating profit grew 17.2% to ₹7,069 crore, but profit after tax fell 48% year-on-year to ₹1,525 crore due to the microfinance industry crisis. Gross NPA stood at 1.87% and net NPA at 0.53%, with capital adequacy at 15.48%. The bank also announced a ₹7,500 crore equity capital raise and a proposed dividend of ₹0.25 per share.
Shareholders should note the AGM date for voting on resolutions, including the proposed dividend of ₹0.25 per share. The 48% drop in FY25 profit reflects microfinance stress, though the bank has insured 66% of its MFI portfolio going forward and expects recovery from Q2FY26. The ₹7,500 crore capital raise will strengthen capital adequacy to 18.20%, supporting future growth but potentially diluting existing shareholders.