IDFC First Bank

IDFC FIRST Bank
Company typePrivate sector bank
BSE: 539437
NSE: IDFCFIRSTB
ISININE092T01019
IndustryBanking
Financial services
PredecessorIDFC Bank
Capital First Ltd.
FoundedOctober 2015; 9 years ago (2015-10)
HeadquartersMumbai, Maharashtra, India
Key people
V. Vaidyanathan (MD & CEO)
Products
RevenueIncrease ₹36,257 crore (US$4.3 billion) (2024)[1]
Increase ₹6,239 crore (US$750 million) (2024)[1]
Increase ₹2,942 crore (US$350 million) (2024)[1]
Total assetsIncrease ₹296,210 crore (US$35 billion) (2024)[2]
Total equityIncrease ₹25,145 crore (US$3.0 billion) (2024)[2]
Number of employees
20,222 (March 2020)
ParentInfrastructure Development Finance Company
Subsidiaries
Capital ratio13.28% [1]
Rating
Websitewww.idfcfirstbank.com

IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, which was an Indian non-bank financial institution.[10]

IDFC First Bank got privatized on 1st October 2024 by reverse merger with parent IDFC Ltd, a Government of India entity.[11]

  1. ^ a b c d "IDFC First Bank" (PDF).
  2. ^ a b "IDFC First Bank" (PDF).
  3. ^ "CRISIL upgrades IDFC First Bank's LT rating to 'AA+'". Capital Market. 5 June 2023. Retrieved 21 June 2023.
  4. ^ "Ind-Ra affirms IDFC First Bank's debt instruments ratings with stable outlook". Financial Express. 12 December 2023. Retrieved 26 December 2023.
  5. ^ "IDFC FIRST Bank Ltd Long Term Instruments - Non Convertible Debentures October 03, 2023" (PDF). CARE Ratings. 3 October 2023. Retrieved 1 February 2024.
  6. ^ "IDFC FIRST Bank Company ESG Rating May 23, 2024". Sustainalytics. 23 May 2024. Retrieved 16 September 2024.
  7. ^ "FTSE Emerging ESG Index-Indicative Index Weight Data as at Closing on 13 September 2024". FTSE Russell. 13 September 2024. Retrieved 16 September 2024.
  8. ^ "IDFC First Bank Limited ESG Score". S&P Global. 23 January 2024. Retrieved 16 September 2024.
  9. ^ "MSCI ESG RATINGS IDFC First Bank Limited". MSCI. 16 September 2024. Retrieved 16 September 2024.
  10. ^ "7 things to know about IDFC Bank | Business Standard News". Business-standard.com. 1 October 2015. Retrieved 15 October 2016.
  11. ^ https://www.business-standard.com/companies/news/idfc-first-bank-announces-completion-of-idfc-ltd-merger-effective-oct-1-124092701325_1.html