IDFC First Bank Ltd

Past performance
Performance overview
IDFC First Bank Ltd
About IDFC First Bank Ltd IDFC FIRST Bank, headquartered in Mumbai, is a universal bank offering a wide range of financial services across India. Established in 2014 as a subsidiary of IDFC Ltd., it operates through internet, mobile, and a growing network of branches. The bank provides customized financial solutions for individuals, SMEs, entrepreneurs, corporates, and governmental bodies. It was formed following an RBI approval and a demerger of IDFC's Financing Undertaking. IDFC FIRST Bank's strategic acquisitions and partnerships, notably with Grama Vidiyal Micro Finance and Capital First, have expanded its reach and capabilities in microfinance and retail banking. The bank has continued to grow its national presence, operating 809 branches and 825 ATMs by March 2023. Its focus on technology-driven solutions is evident through initiatives like Aadhaar-linked cashless services and digital lending platforms. IDFC FIRST Bank has significantly increased its customer deposits and improved its CASA ratio. The institution remains committed to financial inclusion, leveraging its subsidiary, IDFC FIRST Bharat, to extend its services in rural and semi-urban areas.
Website idfcfirstbank.com
Founded 2014
Headquarters Chennai