IDFC FIRST BANK :
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Founded On October 2015
Headquarter at Mumbai, Maharashtra, India
Key people are Rajiv Lall (Non-Exe Chairman), V. Vaidyanathan (MD & CEO)
Products are Consumer banking, Corporate banking, Wholesale banking, Mortgage loans, Private banking, Wealth management, Investment banking.
Revenue – ₹8,532.72 crore (US$1.2 billion) (2017)
Operating income – ₹3,030 crore (US$420 million) (2017)
Net income – ₹1,020 crore (US$140 million) (2017)
Total assets – ₹112,160 crore (US$16 billion) (2017)
Number of employees – 7,043 (July 2018)
Parent Company- Infrastructure Development Finance Company
Website – www.idfcbank.com
IDFC First Bank] (formerly IDFC Bank) is an Indian banking company with headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015. IDFC received a universal banking licence from the Reserve Bank of India (RBI) in July 2015. On 6 November 2015, IDFC Bank was listed on BSE and NSE.
IDFC was incorporated on 30 January 1997 with its registered office in Chennai and started operations on 9 June 1997. In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking financial company and in 1999 it formally became a Public Financial Institution.
To conform with RBI guidelines, IDFC founded a non-operative financial holding company IDFC Financial Holding Company Limited in 2014 to manage its five subsidiaries IDFC Bank, IDFC MF, IDFC Alternatives, IDFC IDF & IDFC Securities. IDFC is the holding company for NOFHC IDFC Projects Ltd and IDFC Foundation. IDFC Bank started operations with 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. 15 branches are in settlements with a population of less than 10,000. IDFC bank has launched it’s 100th branch in Honnali, Karnataka in October 2017. Prime Minister Narendra Modi formally launched IDFC Bank on 19 October 2015. In December 2018, IDFC merged with Capital First Ltd., an NBFC, and renamed itself as IDFC First Bank.