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IDFC First Bank

IDFC FIRST Bank
FormerlyIDFC Bank (2015–2018)
Company typePublic
BSE539437
NSEIDFCFIRSTB
ISININE092T01019
IndustryBanking
Financial services
FoundedOctober 2015 (2015-10)
HeadquartersMumbai, Maharashtra, India
Key people
V. Vaidyanathan (MD & CEO)
Products
RevenueIncrease 36,257 crore (US$4.2 billion) (2024)[1]
Increase 6,239 crore (US$720 million) (2024)[1]
Increase 2,942 crore (US$340 million) (2024)[1]
Total assetsIncrease 296,210 crore (US$34 billion) (2024)[2]
Total equityIncrease 25,145 crore (US$2.9 billion) (2024)[2]
Number of employees
41,141 (March 2024)
Subsidiaries
Capital ratio13.28% [1]
Rating
Websitewww.idfcfirstbank.com

IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited, it shifted focus from infrastructure financing to retail banking in the years after its 2018 merger with Capital First.[6] In 2024, the bank took over the parent company IDFC Limited in a reverse merger.

  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. ^ "7 things to know about IDFC Bank | Business Standard News". Business-standard.com. 1 October 2015. Retrieved 15 October 2016.

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