IDFC First Bank
The bank was launched through this demerger from IDFC Limited, and it was officially inaugurated by the Prime Minister of India Narendra Modi in October 2015.[13] IDFC Bank faced challenges due to bad loans from legacy infrastructure accounts.The Reserve Bank of India approved his appointment for a period of three years, effective from 19 December 2018.[34] On 12 September 2023, US-based GQG Partners acquired an additional 5.1 crore shares, equivalent to a 0.76% stake, from V. Vaidyanathan in a block deal conducted on the stock exchange.[35][36] In July 2024, Life Insurance Corporation raised its stake in the bank to 2.68% by purchasing shares of the lender at Rs 80.63 each, with a total acquisition cost of ₹1,500 crore (US$170 million).Subsequently, it began enrolling small merchants, who are existing customers with current accounts, onto a partner application registered with ONDC.[51] In South and Central India, the rural lending is led by IDFC First Bharat Limited (IFBL) which traces its roots to Grama Vidiyal, a Tamil Nadu-based public charitable trust established in 1986.[59] In 2023, the bank obtained the title sponsorship rights for all Board of Control for Cricket in India's international and domestic home matches.
Bandra Kurla ComplexMumbaiPublicTraded asBankingFinancial servicesMaharashtraV. VaidyanathanConsumer bankingCredit cardsHome loansLoans against propertyPersonal loansConsumer Durable loansVehicle loansBusiness loansMicro Enterprise loansPrivate bankingWealth managementInvestment bankingCorporate bankingWholesale bankingOperating incomeNet incomeTotal assetsTotal equitySubsidiariesIDFC FIRST BharatCapital ratioCRISILprivate sectorIDFC LimitedCapital Firstreverse mergerGovernment of Indiaasset managementinstitutional brokingIDBI BankReserve Bank of IndiaPrime Minister of IndiaNarendra ModiShriram GroupCASA ratioMSME financingFuture GroupWarburg Pincusretail bankingCompetition Commission of IndiaNational Company Law TribunalGQG PartnersLife Insurance CorporationPrabhadeviHSR LayoutAadhaarOpen Network for Digital Commercecentral bank digital currencyGrama VidiyalTamil NadumicrofinanceGrama Vidiyal Micro Finance Limitedmarket capitalizationAmitabh BachchanBoard of Control for Cricket in IndiaCOVID-19Ministry of Electronics and Information TechnologyAsian Private BankerWater.orgCNBC TV18AsiamoneyThe Financial ExpressThe Economic TimesBanking in IndiaList of banks in IndiaIndian Financial System CodeNew DelhiBusiness StandardBusiness TodayNews Service, PTICentral bankReserve Bank of India Act, 1934Monetary Policy CommitteeGovernor of the Reserve Bank of IndiaDeputy governor of the Reserve Bank of IndiaRBI Monetary MuseumBharatiya Reserve Bank Note MudranSecurity Printing and Minting Corporation of IndiaAll India Financial InstitutionsExim Bank of IndiaNABARDDeposit Insurance (DICGC)Public-sector banksBank of BarodaBank of IndiaCanara BankCentral Bank of IndiaIndian BankIndian Overseas BankJammu & Kashmir BankPunjab & Sind BankPunjab National BankState Bank of IndiaUCO BankUnion Bank of IndiaPrivate-sector banksAxis BankBandhan BankCSB BankCity Union BankDCB BankDhanlaxmi BankFederal BankHDFC BankICICI BankIndusInd BankKarnataka BankKarur Vysya BankKotak Mahindra BankNainital BankRBL BankSouth Indian BankTamilnad Mercantile BankYes BankAbu Dhabi Commercial BankBank Maybank IndonesiaBank of AmericaBank of Bahrain and Kuwait