IDFC First Bank Ltd - Company Profile
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IDFC First Bank Ltd (IDFC First Bank) is a banking services provider. It offers personal banking, business banking, wholesale banking and wealth management products and services. The company provides savings accounts, fixed deposits, recurring deposits, home loans, personal loans, commercial vehicle loans, investment-linked insurance, loans against property, personal and business insurance, credit and debit cards and business investment solutions. IDFC First Bank also offers retail forex, internet banking, mobile banking, cash management and investment management services. The bank serves individuals, multinational corporations, government entities and other financial institutions. It operates through its branches and automated teller machines (ATMs) in India. IDFC First Bank is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051
Website
www.idfcfirstbank.com
Telephone
91 22 71325500
No of Employees
35,352
Industry
Financial Services
Ticker Symbol & Exchange
IDFCFIRSTB (NSE)
Revenue (2023)
$3.5B
33.3%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
18.4%
(2023 vs 2022)
Market Cap*
$6.6B
Net Profit Margin (2023)
XYZ
-11.2%
(2023 vs 2022)
* As of and is in US$
IDFC First Bank Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Personal Banking: | Cash Management |
| Accounts and Deposits: | Trade and Forex Services |
| Savings Account | Mobile Banking |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the bank announced a collaboration with CCAvenue to offer extensive credit card EMI solutions. |
| 2024 | New Products/Services | In January, the company launched a new scheme to enable customers to sync their credit cards with the Unified Payments Interface. |
| 2023 | Regulatory Approval | In December, the company secured approval from the Reserve Bank of India to merge with IDFC Ltd. |
Competitor Comparison
| Key Parameters | IDFC First Bank Ltd | HDFC Bank Ltd | ICICI Bank Ltd | Kotak Mahindra Bank Ltd | IndusInd Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 35,352 | 208,066 | 126,660 | 73,481 | 38,179 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Vaidyanathan Vembu | Chief Executive Officer; Managing Director | Executive Board | 2021 | 56 |
| Pradeep Natarajan | Director | Executive Board | 2023 | - |
| Sudhanshu Jain | Chief Financial Officer; Head - Corporate Centre | Senior Management | - | - |
| Chetan Sanghvi | Chief Risk Officer | Senior Management | - | - |
| Neerav Maniar | Chief Compliance Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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