IDFC First Bank

IDFC FIRST Bank
	Headquarters in Bandra Kurla Complex, Mumbai
Formerly	IDFC Bank (2015–2018)
Company type	Public
Traded as	BSE: 539437; NSE: IDFCFIRSTB
ISIN	INE092T01019
Industry	Banking; Financial services
Founded	October 2015; 9 years ago
Headquarters	Mumbai, Maharashtra, India
Key people	V. Vaidyanathan (MD & CEO)
Products	Consumer banking; Credit cards; Home loans; Loans against property; Personal loans; Consumer Durable loans; Vehicle loans; Business loans; Micro Enterprise loans; Private banking; Wealth management; Investment banking; Corporate banking; Wholesale banking;
Revenue	₹36,257 crore (US$4.2 billion) (2024)
Operating income	₹6,239 crore (US$720 million) (2024)
Net income	₹2,942 crore (US$340 million) (2024)
Total assets	₹296,210 crore (US$34 billion) (2024)
Total equity	₹25,145 crore (US$2.9 billion) (2024)
Number of employees	41,141 (March 2024)
Subsidiaries	IDFC FIRST Bharat;
Capital ratio	13.28%
Rating	CRISIL AA+/Stable; Ind-Ra IND AA+/Stable; CARE AA+/Stable (NCDs) ;
Website	www.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.

^ ^a ^b ^c ^d "IDFC First Bank" (PDF).
^ ^a ^b "IDFC First Bank" (PDF).
^ "CRISIL upgrades IDFC First Bank's LT rating to 'AA+'". Capital Market. 5 June 2023. Retrieved 21 June 2023.
^ "Ind-Ra affirms IDFC First Bank's debt instruments ratings with stable outlook". Financial Express. 12 December 2023. Retrieved 26 December 2023.
^ "IDFC FIRST Bank Ltd Long Term Instruments - Non Convertible Debentures October 03, 2023" (PDF). CARE Ratings. 3 October 2023. Retrieved 1 February 2024.
^ "7 things to know about IDFC Bank | Business Standard News". Business-standard.com. 1 October 2015. Retrieved 15 October 2016.

[BalSheet-1] "IDFC First Bank" (PDF).

[BalSheet23-2] "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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IDFC First Bank

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