IDFC First Bank Limited, established in Mumbai, India in 2014 and renamed from IDFC Bank Limited in January 2019, is a comprehensive financial institution serving a broad spectrum of clients across India. Its diverse clientele includes individuals, corporations, multinational companies, small and medium-sized enterprises (SMEs), entrepreneurs, financial institutions, and government entities. The bank's operations are structured across Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business segments. It offers a wide array of retail banking solutions, including various account types (savings, corporate salary, current, business), fixed and recurring deposit schemes, and a selection of debit, credit, and prepaid cards, along with payment services. Lending products are extensive, covering personal, home, vehicle (car, two-wheeler, commercial), education, gold, business, working capital, construction equipment, professional, term, and micro enterprise loans. Specialized financing is also available for farmer producer organizations, loans against property, and products designed for women. For corporate and business clients, IDFC First Bank provides sophisticated financial instruments such as sales/purchase bill/invoice discounting, vendor and dealer financing, and factoring/receivables purchase. The bank also delivers treasury and capital market services, comprehensive trade finance solutions (including import-export facilities, bank guarantees, domestic trade, remittances, and the BXP online trade portal), and essential cash management and escrow services. Furthermore, it offers a robust suite of investment and insurance products. Investment options encompass mutual funds, gold bonds, demat and trading accounts, and investment-linked insurance. Its insurance portfolio is broad, featuring term, life, health, motor, home, travel, business, and Pradhan Mantri schemes, as well as pension, savings, and annuity plans. Customers can also access convenient services like safe deposit lockers and advanced digital platforms for mobile and internet banking, alongside specialized NRI banking services.
www.idfcfirst.bank.in→- Employees
- 43,059
- IPO / List date
- Nov 5, 2015