IDFC Limited was set up in 1997 to finance infrastructure, focusing primarily on project finance and mobilization of capital for private sector infrastructure development. Whether it is financial intermediation for infrastructure projects and services, whether adding value through innovative products to the infrastructure value chain or asset maintenance of existing infrastructure projects, the company focused on supporting organisations to get the best return on investments.
IDFC FIRST Bank, LIC Cards and Mastercard today announced their collaboration to launch an exclusive co-branded credit card to meet the dynamic financial needs of India. Loaded with many exciting benefits such as no joining & annual fees and low interest rates starting from 9% p.a., the new car... (more)
India Ratings and Research (Ind-Ra) has affirmed IDFC First Bank’s debt instruments ratings at ‘IND AA+’ with stable outlook, the private sector lender said on Tuesday.
IDFC FIRST Bank expands its credit card offering for the youth with the introduction of the FIRST SWYP Credit Card. Created for today’s Gen Z generation, the card is designed to provide exciting lifestyle-related offers through our feature merchants & EMI benefits to cardholders, co... (more)
IDFC FIRST Bank has launched FIRSTAP, the country’s first sticker-based debit card, in association with National Payments Corporation of India (NPCI), to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal.
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Financial results at a glance
Earnings
NII grew by 32% on YoY basis to Rs. 3,002 crore in Q2-FY23.
Net Interest Margin improved by 15 bps on YoY basis to 5.98% in Q2-FY23.
Fee and Other Inco... (more)
IDFC FIRST Bank announced the launch of Digital Banking Units (DBUs) at Kendujhar in Odisha and Dimapur in Nagaland. The move is in sync with the Government’s initiative to deepen financial inclusion.
IDFC FIRST Bank self-help kiosk - Shri Temjen Imna Along Longkumer... (more)
IDFC FIRST Bank today signed up as participant in the Open Network for Digital Commerce (ONDC), an initiative of the Ministry of Commerce and Industry, to enable early adoption of the network among its customers.
As an early mover in the ONDC network, the Bank has enabled a platform for b... (more)
Bank’s FIRST WINGS program is dedicated to powering startups
As a preferred banking partner on LetsVenture’s Scalix platform, IDFC FIRST Bank will offer curated solutions to startups
IDFC FIRST Bank and LetsVenture, India’s leading early-stage pl... (more)
IDFC FIRST Bank announced a pledge to contribute to social causes on behalf of every participant completing the 10K run in one hour at TCS World 10K Bengaluru. The initiative aligns with the Bank’s philosophy of being a force for social good and with the 10K Bengaluru’s theme of social ... (more)
IDFC FIRST Bank today announced scholarships for meritorious students of Mumbai’s leading institution, NMIMS’ School of Mathematics, Applied Statistics & Analytics (SOMASA). The scholarship is open to first-year data science and analytics students at SVKM’s NMIMS (SOMASA).(more)
