IDFC First Bank has seen a 100% surge in retail deposits for the fiscal third quarter ended 31 December to touch Rs 58.435 crore as against Rs 29,267 crore a year ago. Sequentially, there was an 18% increase from Rs 49.610 crore during the September quarter, the lender said in a regulatory filing.

The lender specified the other performance highlights for the quarter. These include:

- Customer deposits increased to Rs 77,289 crore as on 31 December 2020 from Rs 54,631 crore a year ago, implying a year-on-year growth of 41%. This was Rs 69,368 crore as on 30 September 2020 (QoQ growth of 11%).

-Retail Deposits (CASA and term deposits) increased to Rs 58,435 crore as on 31 December 2020 from Rs 29,267 crore in the year-ago period (YoY growth of 100%). This was Rs 49,610 Cr as on 30 September 2020 (QoQ growth of 18%).

-Wholesale deposits decreased to Rs 18,854 crore as on 31 December 2020 from Rs 25,364 crore as on 31 December 2019 (YoY degrowth of 26%). This was Rs 19,758 crore as on 30 September 2020 (QoQ degrowth of 5%).

-Top 20 depositors as a % of customer deposits has reduced from 23% as of 31 December 2019 to 9.7% at 31 December 2020. This was 12.4% as of 30 September 2020.

-Average CASA ratio (on average deposit for the quarter) for Q3-FY21 was 44.6% as compared to 20.9% for Q3 FY20 and 36.5% for Q2 FY21. CASA ratio on outstanding deposits as on 31 December 2020 was 48.4%.

-The overall funded assets of the bank increased to Rs 1,10,499 crore as on 31 December 2020 from Rs 1,09,698 crore as on 31 December 2019 (YoY growth of 0.7%). This was at Rs 1,06,828 crore as on 30 September 2020 (QoQ growth of 3%).

-Retail funded assets increased to Rs 66,635 crore as on 31 December 2020 from Rs 53,685 crore as on 31 December 2019 (YoY growth of 24.1%). This was at Rs 59,860 crore as on 30 September 2020 (QoQ growth of 11.3%).

-Retail funded assets, including the PSL buyouts where the underlying assets are retail in nature, constitutes 64% of the overall funded assets as on 31 December 2020.