IDFC FIRST Bank is one of the fastest-growing private sector universal banks in India. It was founded in the year 2015 as a subsidiary of IDFC Limited and named IDFC Bank. In the year 2018, it merged with Capital First and shifted focus from infrastructure financing to retail banking. The name changed to IDFC FIRST Bank in January 2019. IDFC FIRST Bank took over its parent company IDFC Limited in the year 2024.
| Particular | Details |
| Bank Name | IDFC FIRST Bank |
| Type | Private Sector |
| Founded | 2015 |
| Founder | Government of India |
| Headquarters | Mumbai, Maharashtra, India |
| MD & CEO | V. Vaidyanathan |
| Chairman | Sanjeeb Chaudhuri |
| Regulator | RBI |
| Services | Consumer Banking, Corporate Banking, Investments and more |
| Branch Network | 1041 |
| Customer Base | 3.5 crore |
| Total Deposits | INR 2.69 lakh crore |
| Total Advances | INR 2.66 lakh crore |
| CASA Ratio | 50.1% |
| Bank Type Focus | Retail-led universal banking |
| Official Website | www.idfcfirst.bank.in |
Net Worth and Market Cap
Net Worth of IDFC FIRST Bank was INR 46,490 crore in September 2025. The bank’s current market capitalisation is INR 59,683.99 crore.
Corporate Leadership
Vaidyanathan is the Managing Director and CEO of IDFC FIRST Bank. He was appointed to the post following the merger of Capital First with IDFC Bank in December 2018. Sanjeeb Chaudhuri is the part-time Non-Executive Chairperson, while Sudhanshu Jain is the Chief Financial Officer of the bank.
Overview of Banking Products and Services
IDFC FIRST Bank offers a full suite of banking products and services under various segments like retail banking, corporate banking, MSME and rural banking, treasury solutions and more. The bank takes a digital first approach, with around 98% of its transactions conducted digitally.
Multiple kinds of savings account options, such as regular, senior citizens, student, minor and specialised variants, are offered to the customers. Current accounts come with benefits like zero-balance options for startups. Retail loan products include personal loan, home loan, education loan, new and pre-owned car loan, consumer durable loan and easy buy EMI card.
Business and wholesale banking products and services of the bank include trade finance, cash management, tax payments, working capital loans and MSME and rural loans. Investment services are also provided for mutual funds, sovereign gold bonds, demat accounts and more.
Operational Network
IDFC FIRST Bank is headquartered in Mumbai, Maharashtra, India. It has a network of 1041 branches and over 1000 ATMs, as of September 2025. In addition, the bank operates more than 600 rural business correspondence centres. It serves customers in more than 60,000 cities, towns and villages across India.
