IDFC First Bank reports record quarterly profit of Rs 1,075 crore

IDFC First Bank posted its highest-ever quarterly profit for the period ended June 30, 2026. The lender's net profit rose sharply from the same quarter a year earlier.

IDFC First Bank reported a profit after tax of Rs 1,075 crore for the first quarter ended June 30, 2026. This figure marked a 132.4% increase from Rs 463 crore in the corresponding quarter last year.

The bank described the result as its highest-ever quarterly profit after tax. Net interest income also increased 21% during the period.

The results were announced on Saturday. The bank operates in India and focuses on retail and corporate banking services.

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Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders including State Bank of India, HDFC Bank, and ICICI Bank contributed more than half of the total.

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Bank of Baroda reported an 11.2 percent increase in consolidated profit for the fourth quarter. Profit after tax reached Rs 5,616 crore, helped by higher net interest income and improved asset quality.

Birla Corporation reported a 15% year-on-year increase in net profit for the March-ended quarter. Revenue rose modestly while the company announced a dividend payout.

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Banco do Brasil reported an adjusted net profit of R$3.4 billion for the first quarter of 2026 on Wednesday. The result marks a 54% drop from the same period last year and came in below market forecasts. Rising defaults in agribusiness drove higher provisions and prompted the bank to lower its full-year profit guidance.

 

 

 

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