Banks / IDFC FIRST Bank

IDFC FIRST Bank (IDFCFIRSTB)

Private Sector Bank Formed by IDFC Bank – Capital First Merger (Dec 2018) Known for Zero-Fee Banking & Monthly Savings Interest Credit
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🏦 Bank Overview

📍
Headquarters
Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra
👤
MD & CEO
V. Vaidyanathan
📅
Established
2015 (IDFC Bank launched after IDFC Ltd received an RBI universal banking licence in 2014) · became IDFC FIRST Bank on 18 December 2018 via merger with Capital First
🌐
Official Website
idfcfirst.bank.in ↗
🏛️
Ownership
Private sector, publicly listed (BSE/NSE: IDFCFIRSTB); no single promoter — widely held by institutional & retail investors, including Warburg Pincus and ADIA affiliates post FY25 capital raise
🏢
Network
~975+ branches and 1,100+ ATMs across India (approximate, FY25)

👥 Leadership — MD & CEO

Current

V. Vaidyanathan

Managing Director & CEO, IDFC FIRST Bank — in office since 19 December 2018, when IDFC Bank and Capital First (the NBFC he founded and led) merged to form IDFC FIRST Bank. The RBI most recently approved his reappointment for a further three-year term, effective 19 December 2024 through 18 December 2027. Before founding Capital First in 2010 (as Future Capital Holdings, renamed after a management buyout), Vaidyanathan spent over a decade at ICICI Bank, rising to head its retail banking business. He is a B.Tech from IIT Bombay and holds an MBA from IIM Bangalore.

Merger History & Predecessors

Name / EntityTenureNotable Period
V. VaidyanathanDec 2018 – presentSole MD & CEO of the merged bank since inception; previously Chairman & Managing Director of Capital First (2010–2018)
Rajiv LallJul 2015 – Dec 2018Founding MD & CEO of the erstwhile IDFC Bank Ltd. (pre-merger entity); stayed on as Non-Executive Chairman of IDFC FIRST Bank until he resigned on health grounds in September 2020
IDFC Limited (predecessor institution)1997 – 2015Originally an infrastructure-financing NBFC; received an in-principle RBI universal banking licence in April 2014, leading to the launch of IDFC Bank in October 2015
IDFC FIRST Bank uses the standard "MD & CEO" designation. Because the bank was created only in December 2018 through the merger of IDFC Bank and Capital First, V. Vaidyanathan has been its only Managing Director & CEO to date — the table above therefore also traces the leadership of the two predecessor organisations for context. Branch/ATM network figures are approximate (marked ~); verify precise numbers on the bank's official Investor Relations page.

📞 Customer Care & Locators

Customer Care Email
banker@idfcfirstbank.com

WhatsApp banking: message "Hi" to 9555 555 555

Toll-Free (General Banking)
1800 10 888

24×7 accounts, cards, loans and other banking services

Alternate Helpline
1800 419 2332
Also reachable via the in-app/website Help Centre for chat support
📍 Branch Locator → 🔎 IFSC Code Finder → 🏛️ RBI Bank Branch/IFSC Master →

💼 Products & Services

💰 Loans

  • Home Loan
  • Personal Loan
  • Used & New Car Loan
  • Education Loan
  • Gold Loan
  • Loan Against Property
  • MSME / Business Loans
  • Merchant & Working Capital Loans

🏦 Deposits

  • Savings Account (monthly interest credit, not quarterly)
  • Current Account
  • Fixed Deposit
  • Recurring Deposit
  • Tax-Saving Fixed Deposit
  • NRE / NRO / FCNR(B) Accounts

📱 Digital & Forex

  • IDFC FIRST Mobile Banking App
  • Internet Banking
  • UPI & FASTag
  • Zero-fee Forex Cards for travel
  • Foreign Exchange & Trade Finance
  • Outward/Inward Remittances

➕ Other Services

  • IDFC FIRST Credit Cards (zero forex mark-up variants)
  • Bancassurance — Life & General Insurance partnerships
  • Mutual Fund Distribution
  • Demat & Trading
  • Safe Deposit Locker
  • Zero-fee banking proposition (no fee on 25+ banking services)
  • PMJDY, APY, PMJJBY, PMSBY (govt. schemes)

📈 Interest Rates

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Retail Domestic Term Deposit rates below are fetched live from IDFC FIRST Bank's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.

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📊 Financial Results (Last 4 Years)

MetricFY 2025-26 (Mar 2026)FY 2024-25 (Mar 2025)FY 2023-24 (Mar 2024)FY 2022-23 (Mar 2023)
Net Profit (Full Year)₹1,636 Cr₹1,525 Cr₹2,957 Cr₹2,437 Cr
Total Customer Deposits~₹2.84 Lakh Cr₹2,42,543 Cr₹2,00,576 Cr₹1,44,637 Cr
Total Advances~₹2.90 Lakh Cr₹2,41,926 Cr₹2,00,965 Cr₹1,60,599 Cr
Gross NPA Ratio1.61%1.87%1.88%2.51%
Net NPA Ratio0.48%0.53%0.60%0.86%
CRAR (Capital Adequacy)15.60%~16.9%16.11%16.82%
Figures compiled from IDFC FIRST Bank's published quarterly/annual press releases and investor presentations. FY 2025-26 deposits/advances (marked ~) are rounded from reported growth figures; the FY 2024-25 CRAR (marked ~) is approximate as the bank reported a post-conversion/proposed-dividend figure of 18.20% alongside the standalone ratio. Net profit fell sharply in FY 2024-25 mainly due to microfinance-sector stress before recovering in FY 2025-26. Always verify precise numbers on IDFC FIRST Bank's official Investor Relations page before making financial decisions.

🏛️ RBI Regulatory Information (As on Date)

Regulator
Reserve Bank of India, under the Banking Regulation Act, 1949
Bank Category
Scheduled Commercial Bank (Private Sector) — Second Schedule, RBI Act 1934
D-SIB Status
Not classified as a Domestic Systemically Important Bank by RBI (D-SIB list currently comprises SBI, HDFC Bank & ICICI Bank only)
Minimum CRAR Required
11.5% (9% minimum + 2.5% Capital Conservation Buffer, Basel III) — IDFC FIRST Bank's actual CRAR: 15.60%
PCA Framework
Not under RBI's Prompt Corrective Action framework
Deposit Insurance
DICGC cover up to ₹5,00,000 per depositor per bank
Grievance Redressal
RBI Integrated Ombudsman Scheme, 2021 — toll-free 14448
More
Browse related RBI Circulars →

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