IDFC First Bank operates as a diversified universal bank, providing retail, wholesale, and digital banking services. It recently expanded its operational network by adding 25 new branches, taking its total to 1,041 across India.

The bank has achieved significant growth in customer deposits, which increased by 23.4% YOY to INR 2.69 lakh crores, with retail deposits growing 24% on an end-of-period basis.

There is a notable improvement in the bank's financial performance, evidenced by a 76% increase in net profit YOY, despite a decrease in profits QOQ due to previous high trading gains.

The bank has demonstrated operational efficiency, reporting improved cost to income ratios and leveraging a high CASA ratio of 48.6%, signaling strong business fundamentals.

IDFC First Bank is successfully managing its asset quality, reflected in the declining NPA ratios and SMA positions, indicative of effective risk management practices.