IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).
Deficient monsoon risk rises, but macro impact on GDP expected to stay muted
India’s agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability of deficient rainfall. However, the impact on agriculture
June 4, 2026