CRISIL Reaffirms Top-Tier Credit Ratings for IDFC First Bank
1 report, 1 independent
Updated Oct 17
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What happened
CRISIL Ratings reaffirmed top-tier credit ratings for IDFC FIRST Bank Limited across its fixed deposit program, Tier II bonds, and certificate of deposit facilities. The rating rationale cited operational strengths, noting that total funded assets grew 20% year-over-year to ₹3,05,370 crore as of June 30, 2026. As of September 30, 2026, the bank reported that total deposits grew 25.9% year-over-year to ₹3,48,582 crore.
From equitybulls.com
Why it matters
The reaffirmation of high credit ratings for the bank's debt and deposit instruments suggests stability in its funding base. This rating stability could influence the cost of borrowing and the ability of IDFC FIRST Bank Limited to raise capital in the market.
From equitybulls.com
Who's involved
- CRISILCredit rating agency that reaffirmed the bank's ratings
- Manish GuptaHolds senior executive roles at CRISIL Ratings
- Reserve Bank of IndiaCentral bank of India that CRISIL actively tracks
- Anand KulkarniHolds a formal directorship position at Crisil Ratings
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The entities involved
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CRISIL
credit rating agency in India