IDFC First Bank Limited

Attended the concall…Some points noting

1. Out of 162 cr covid provision 75 cr is utilised for the retail chain loan (total exposure 510 cr, as of now it’s 0) becoming npa. it was part of the restructured book.
2. Nim compression qoq: Rate hike has not taken place. Rate hike will happen and benefit will be from q2. New loans are given at new rates. 37% of the book is external benchmark linked and rest fixed rate.
3. Low credit cost, so ROA ROE can reduce in coming quarters? Operating leverage kicking in, Treasury loss not happening again.