5394372022-04-012022-06-305394372022-06-305394372022-04-012022-06-30in-bse-fin:OtherOperatingExpenses1Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments1Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments2Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments3Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments4Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments5Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments1Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments2Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments3Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments4Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments5Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments1Member5394372022-06-30in-bse-fin:ReportableSegments1Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments2Member5394372022-06-30in-bse-fin:ReportableSegments2Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments3Member5394372022-06-30in-bse-fin:ReportableSegments3Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments4Member5394372022-06-30in-bse-fin:ReportableSegments4Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments5Member5394372022-06-30in-bse-fin:ReportableSegments5Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments1Member5394372022-06-30in-bse-fin:ReportableSegments1Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments2Member5394372022-06-30in-bse-fin:ReportableSegments2Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments3Member5394372022-06-30in-bse-fin:ReportableSegments3Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments4Member5394372022-06-30in-bse-fin:ReportableSegments4Member5394372022-04-012022-06-30in-bse-fin:ReportableSegments5Member5394372022-06-30in-bse-fin:ReportableSegments5Memberiso4217:INRxbrli:pureiso4217:INRxbrli:shares539437IDFCFIRSTBINE092T01019IDFC FIRST BANK LIMITEDBanking FormatEquity2022-04-012023-03-312022-07-302022-06-28INRLakhsFirst quarterMulti segment2022-07-3010:00:002022-07-3015:25:00Not applicable2022-04-012022-06-30UnauditedStandalone4169750000065299000006527000003367000004921680000085567000005777350000021705800000830160000018327900000266295000004833530000094382000003079900000063583000001615000000474330000004743300000474330000062190900000100.0420.154200.760.750.760.7543547500000165382000000.03360.0130.00971.The above financial results for the quarter ended June 30, 2022 were reviewed by the Audit Committee on July 29, 2022 and approved by the Board of Directors on July 30, 2022. These results have been subjected to a "Limited Review" by the Joint Statutory Auditors - B S R & Co. LLP, Chartered Accountants and M S K A & Associates, Chartered Accountants and they have issued an unmodified review report thereon. The financial results for the quarter ended June 30, 2021 were reviewed by B S R & Co. LLP, Chartered Accountants. <BR> <BR> 2.The above financial results of the Bank have been prepared in accordance with the provisions of the Banking Regulation Act, 1949, Generally Accepted Accounting Principles in India, including Accounting Standards as specified under Section 133 of the Companies Act, 2013, Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, in so far as they apply to banks, and the guidelines issued by the RBI. <BR> <BR> 3.During the quarter ended June 30, 2022, the Bank has issued 13,78,122 equity shares of face value of Rs. 10 per equity share pursuant to the exercise of options under the Employee Stock Option Scheme. <BR> <BR> 4."Other Income" includes non-fund based income, fees, earnings from foreign exchange and derivative transactions, profit / loss from sale of investments, marked to market provisions on investments, dividend from subsidiaries / joint ventures etc. <BR> <BR> 5.In accordance with RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and net stable funding ratio (NSFR) under the Basel III framework. The Bank has made these disclosures which are available on its website at the link: http://www.idfcfirstbank.com/regulatory-disclosures.html. These disclosures have not been subject to audit or limited review by the Joint Statutory Auditors of the Bank. <BR> <BR> 6.India is emerging from the COVID-19 virus, a global pandemic that affected the world economy over the last two years. Currently, while the number of new COVID-19 cases have reduced significantly and the restrictions have been eased by the Government, the extent to which the COVID-19 pandemic, including the future subsequent waves, if any, may impact the Bank's operations and asset quality will depend on future developments. The Bank’s capital and liquidity position is strong and would continue to be the focus area for the Bank during this period. <BR> <BR> 7.Details of loans transferred / acquired during the quarter ended June 30, 2022 under the RBI Master Direction on "Transfer of Loan Exposures" dated September 24, 2021 are given below: <BR> <BR> i. The Bank has not transferred any stressed loan (Non Performing Asset and Special Mention Account) and loans not in default. <BR> ii. The Bank has not acquired any stressed loan (Non Performing Asset and Special Mention Account) and loans not in default. <BR> iii. The Bank has not made any investment in Security Receipts (SRs). <BR> <BR> 8. The disclosures for NPA referred to in point 17(iv) above correspond to non performing advances. <BR> <BR> 9. The figures for the quarter ended March 31, 2022 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year which were subject to limited review. <BR> <BR> 10. The Bank has followed the same significant accounting policies in the preparation of these financial results as those followed in the annual financial statements for the year ended March 31, 2022. <BR> <BR> 11. The figures for the previous quarter/period have been regrouped/reclassified wherever necessary in order to make them comparable.Other operating expenses18327900000Treasury25098100000Wholesale Banking15019500000Retail Banking55309700000Other Banking Business1400200000Unallocated5600000968331000003905960000057773500000Treasury-850400000Wholesale Banking2439500000Retail Banking4971300000Other Banking Business777500000Unallocated-9796000006358300000006358300000Treasury671253200000Wholesale Banking287910900000Retail Banking1016904400000Other Banking Business1192500000Unallocated28392900000200565390000002005653900000Treasury520338700000Wholesale Banking464285800000Retail Banking798300800000Other Banking Business259300000Unallocated7623500000179080810000001790808100000Business segments have been identified and reported taking into account the target customer segment, the nature of products, internal business reporting system, transfer pricing policy approved by Asset Liability Committee (ALCO), the guidelines prescribed by the Reserve Bank of India ('the RBI'), which has been relied upon by the auditors. <BR> <BR> The RBI vide it's circular dated April 07, 2022, had prescribed for reporting of ‘Digital Banking’ as a sub-segment under Retail Banking. The proposed Digital Banking Units (DBUs) of the Bank have not yet commenced operations and having regard to the discussions of the DBU Working Group formed by Indian Banks' Association (IBA) (which included representatives of banks and RBI), reporting of Digital Banking as a separate sub-segment of Retail Banking Segment will be implemented by the Bank based on the decision of the DBU Working Group.