About IDFC FIRST Bank Ltd
IDFC FIRST Bank Ltd. is a leading private sector bank in India, formed in December 2018 through the merger of IDFC Bank and Capital First Ltd.
Vision & Mission
To build a world-class bank that continually innovates, puts customers first, and delivers ethical and transparent financial services.
IDFC FIRST Bank Ltd. – Leadership
Through IDFC FIRST Bharat Ltd, the bank provides micro-loans, digital services, and financial literacy training to rural communities.
IDFC FIRST Bank Ltd.
Board of Directors
v. vaidyanathan
Managing Director & CEO
Mr. Sanjeeb Chaudhuri
Part-Time Non-Executive Chairperson (Independent Director)
Pradeep Natarajan
Executive Director
Ms. Matangi Gowrishankar
Independent Director
Mr. Aashish Kamat
Independent Director
Mrs. Pankajam Sridevi
Independent Director
Business Segments – IDFC FIRST Bank Ltd.
Retail Banking
IDFC FIRST Bank’s retail banking division focuses on serving individual customers through a wide range of financial products designed to meet daily, long-term, and aspirational needs.
Wholesale Banking
The wholesale banking segment caters to corporate clients, institutions, SMEs, and government-linked enterprises—providing strategic financial solutions and credit support.
Rural & Financial Inclusion
Through IDFC FIRST Bharat Ltd, the bank focuses on expanding financial access to underserved and rural communities across India.
Key Corporate Information
Industry: Banking & Financial Services
Founded (as IDFC Bank): 2015
Merged to Form IDFC FIRST Bank: 2018
Headquarters: Mumbai, Maharashtra, India
Ownership: Publicly listed (NSE: IDFCFIRSTB, BSE: 539437)
Business Segments – IDFC FIRST Bank Ltd.
a) Retail Banking
IDFC FIRST Bank’s retail banking division focuses on serving individual customers through a wide range of financial products designed to meet daily, long-term, and aspirational needs.
Key Offerings:
- Savings & Current Accounts – Simple, transparent, and digitally enabled banking with competitive interest rates.
- Retail Deposits – Fixed deposits, recurring deposits, and term savings products with flexible tenures.
- Home Loans – Affordable housing finance with customer-friendly interest structures.
- Personal Loans – Quick, collateral-free finance for personal and lifestyle needs.
- Credit Cards – Rewards-based cards offering cashback, lifestyle benefits, and digital payments convenience.
- Auto Loans – Financing for new and used vehicles with quick processing.
- Wealth Management – Investment advisory, mutual funds, insurance, and customized financial planning solutions.
b) Wholesale Banking
The wholesale banking segment caters to corporate clients, institutions, SMEs, and government-linked enterprises—providing strategic financial solutions and credit support.
Key Offerings:
- Corporate Loans – Customized lending for large businesses, mid-corporates, and institutional clients.
- Infrastructure Financing – Support for national infrastructure projects across sectors such as renewable energy, roads, and urban development.
- Working Capital Solutions – Cash credit, overdraft, invoice financing, and trade finance facilities to support business liquidity.
c) Digital & Technology
IDFC FIRST Bank leverages advanced digital platforms to deliver fast, secure, and customer-friendly banking solutions.
Key Capabilities:
- Mobile Banking App – A fully-featured application offering seamless payments, transfers, investments, and account management.
- Online Onboarding – Instant digital KYC and paperless account opening for savings accounts, loans, and credit cards.
- Merchant Payment Solutions – POS machines, QR-based payments, UPI solutions, and digital integrations for businesses and retailers.
d) Rural & Financial Inclusion
Through IDFC FIRST Bharat Ltd, the bank focuses on expanding financial access to underserved and rural communities across India.
Key Initiatives:
- Micro-Loans – Small-ticket, income-generating loans for rural borrowers and self-employed individuals.
- Digital Services – Mobile-based transactions, doorstep banking, and agent-assisted financial services.
- Financial Literacy & Empowerment – Capacity-building programs, awareness drives, and community outreach initiatives to promote financial inclusion.
V. Vaidyanathan
Under the guidance of its MD & CEO V. Vaidyanathan, IDFC FIRST Bank has undergone a remarkable transformation. The bank successfully transitioned from an infrastructure-heavy lending model to a customer-focused retail banking powerhouse.
Its leadership team brings decades of experience across finance, risk, operations, and digital innovation—ensuring strong governance and sustainable long-term growth.
Current Role: Managing Director & Chief Executive Officer, IDFC FIRST Bank Ltd.
Key Achievement: Led the transformation of the bank from an infrastructure-focused lender to a strong retail-led financial institution.
Vision: Advocates for ethical, transparent, and customer-first banking.
Leadership Style: Known for employee empowerment, cultural transformation, and service-driven work ethics.
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Financial & Operational Highlights
- Customer Deposits: ₹2,56,799 crore as of 30 June 2025 — up ~25.5% YoY
- (Source: ICICI Direct)
- CASA Ratio: 48.0% as of 30 June 2025
- (Source: ICICI Direct)
- Net Interest Income (NII): ₹4,933 crore in Q1 FY26 — up ~5.1% YoY
- (Source: ICICI Direct)
- Total Operating Income: ₹7,160 crore in Q1 FY26 — up ~13.4% YoY
- (Source: ICICI Direct)
- Net Profit: ₹463 crore for Q1 FY26 — down ~32% YoY
- (Source: The Economic Times)
- Capital Adequacy Ratio (CAR): 15.01% including Q1 FY26 profits
- (Source: ICICI Direct)
- Total Assets: Approximately ₹3,43,818 crore;
- Branch network ~1,002 and employees ~42,164
- (Source: Moneycontrol)
- Asset Quality: Gross NPA ~1.9% and Net NPA ~0.48% (as of 30 Sept 2024)
Financial & Operational Highlights (2025)
- Customer deposits reached ₹2,56,799 crore — up 25.5% YoY
- CASA ratio maintained at a strong 48.0%
- Net Interest Income (NII) stood at ₹4,933 crore, up 5.1% YoY
- Total Operating Income reached ₹7,160 crore, up 13.4% YoY
- Net profit recorded ₹463 crore in Q1 FY26
- Capital Adequacy Ratio (CAR): 15.01%, reflecting strong financial stability
- Total assets approx ₹3,43,818 crore, supported by:
- ~1,002 branches
- ~42,164 employees
- Asset quality remained controlled with Gross NPA ~1.9% and Net NPA ~0.48%
These numbers reflect a bank that is scaling sustainably while maintaining robust risk management.
IDFC FIRST Bank Ltd – Strengths & Competitive Advantages
- Retail-Focused Strategy: Strong shift toward granular retail deposits and loans.
- Digital Leadership: Constant innovation in digital banking and customer experience.
- Transparent Banking: Zero hidden charges philosophy builds customer trust.
- Strong Governance: Experienced leadership ensures stability and long-term vision.
- Nationwide Presence: Expanding physical and digital reach across urban and rural India.
- Financial Inclusion Mission: Supporting rural communities through IDFC FIRST Bharat.
Outlook for 2025 and Beyond
IDFC FIRST Bank continues to be on a promising growth trajectory. With increasing retail penetration, superior digital platforms, and a commitment to customer-first values, the bank is well-positioned to strengthen its market presence in the coming years.
Its balanced combination of technology, ethics, and service excellence makes it one of the most progressive and trustworthy banks in India.
