General Information

IDFC FIRST Bank is a leading private sector universal Bank in India. Our
Bank’s vision is to “build a world class bank in India, guided by ethics, powered by
technology, and to be a force for social good”.
IDFC Bank was promoted by IDFC Ltd (est. 1997) which was a premier DFI
renowned for financing India’s infrastructure such as roads, ports, and power projects with a
balance sheet of Rs. 75,337 crores. Capital First (est. 2012) was a successful technology led
NBFC focused on financing consumer and MSME, with strong track record of growth profits
and asset quality with a balance sheet of Rs. 27,351 crores. It has provided over 30 million
loans & serves 60,000 + villages, cities and towns in India.
Our bank believes in making customer-first products and the first universal
bank to offer monthly interest credit on savings accounts, first to announce ZERO FEES on
Savings accounts, first to issue life-time free credit cards with no minimum spend conditions,
first to offer dynamic and low APR rates, first to announce “never-expiring” rewards points,
and many more
Since the merger, the Bank has successfully transformed from an
infrastructure and corporate financing institution to a diversified retail led financial
institution. Between December 31, 2018 to December 31, 2022:
- Current & Savings account Ratio increased from 8.7% to 50.0%
- Retail financing increased from 30% to 67% of the funded book.
- Deposits from retail customers has increased from 17.1% to 71.5%
- Balance sheet grown from Rs. 1,56,916 crores to Rs. 2,21,374 crores.
- Number of branches increased from 206 branches to 707
- ATM network grew from 112 to 867
- Core Operating profits increased from Rs. 1,097 crores Q3 FY19 annualized to
Rs. 4,873 crores Q3 FY 23 annualized.
- Bank maintains high asset quality with gross NPA of 2.96% and net NPA of
1.03%. Retail loans which form majority of the loan book has a gross NPA of
1.87% & net NPA of 0.70%.