IDFC FIRST Bank Merger Performance and Strategy Update
c. Diversification of Deposits
Section 5: Deposits & Borrowings
Bank has Diversified its liabilities base: 77% of customer deposits are now Retail
The Bank has transformed the liability profile in 4 years from wholesale to retail, in order to diversify the deposit base.
The Retail wholesale Deposits mix has changed from 27 : 73 in Dec-18 to 77: 23 in Jun-23.
Strong growth in retail deposits has significantly reduced dependency of the Bank on the wholesale deposits.
Certificate of Deposits (short term money) has come down from Rs. 28,754 crores as of March 31, 2019 to Rs. 5,953 crores as of June 30,
2023.
During this period, the customer deposit base grew from Rs. 40,504 crore to Rs. 1,48,474 crore.
73%
27%
41%
59%
23%
Overall Customer Deposits
77%
27%
73%
24%
76%
Dec-18
Mar-20
Mar-21
Rs. 38,455 crore
Rs. 57,719 crore
Rs. 82,725 crore
Mar-22
Rs. 93,214 crore
Mar-23
Rs. 1,36,812 crore
Retail Deposits
Wholesale Deposits
23%
Jun-23
77%
Rs. 1,48,474 crore
25
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