IDFC FIRST Bank Merger and Performance Update
7. Growth in higher yield retail assets coupled with increasing contribution from low cost
retail deposits driving an accelerated NIM expansion
Yield accretion driven by retail...
Yields (%)
17.0%
...CASA growth driving down cost of funds...
...resulting in accelerated NIM expansion
Cost of deposits (%) and cost of funds (%)
Net interest margin (%) (1)
4.6%
16.3% 16.3% 16.3%
13.1%
12.5%
12.3%
10.6%
9.2%
15.9%
7.6%
7.4%
7.4%7.1%
7.3%
7.0%
7.0%
6.4%
6.8% 6.4%
2.4%
3.6%
3.4%
Hill mall
1.6%
FY18
FY19
FY20 9MFY20 9MFY21
FY18
FY19
FY20
9MFY20 9MFY21
FY18
FY19
Yield on overall funded assets
Yield on retail funded assets
Cost of funds
Cost of deposits
Note: Metrics for FY18, FY19 and FY20 are not comparable due to the merger effective Dec 18, 2018. Metrics for 9MFY20 and 9MFY21 are comparable
On average interest earning assets
1.
FY20 9MFY20 9MFY21
27
IDFC FIRST
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