IDFC First Bank: Difference between revisions
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One of its largest loans into e-commerce includes a 300 crore rupees one to [[Flipkart]].<ref>{{Cite news|url=http://timesofindia.indiatimes.com/companies/idfc-bank-gives-rs-300cr-loan-to-flipkart/articleshow/56095621.cms|title=IDFC Bank gives Rs 300 crore loan to Flipkart - Times of India|newspaper=The Times of India|access-date=2017-01-17}}</ref> |
One of its largest loans into e-commerce includes a 300 crore rupees one to [[Flipkart]].<ref>{{Cite news|url=http://timesofindia.indiatimes.com/companies/idfc-bank-gives-rs-300cr-loan-to-flipkart/articleshow/56095621.cms|title=IDFC Bank gives Rs 300 crore loan to Flipkart - Times of India|newspaper=The Times of India|access-date=2017-01-17}}</ref> |
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On 8 November 2017, IDFC Bank entered into a strategic partnership with digital payments solution company MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. |
On 8 November 2017, IDFC Bank entered into a strategic partnership with digital payments solution company MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. |
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IDFC Bank, [[ Zerodha ]] tie up to take on big lenders <ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/idfc-bank-zerodha-tie-up-to-take-on-big-lenders/articleshow/65522454.cms?from=mdr |title=IDFC Bank, [[ Zerodha ]] tie up to take on big lenders |publisher=Timesofindia |date= |accessdate=2018-08-24}}</ref> |
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==References== |
==References== |
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Revision as of 08:14, 6 September 2018
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| Company type | Private |
|---|---|
| BSE: 539437 NSE: IDFCBANK | |
| Industry | Banking Financial services |
| Founded | October 2015 |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Rajiv Lall (MD & CEO)[1] |
| Products | Consumer banking, Corporate banking, Wholesale banking, Mortgage loans, Private banking, Wealth management, Investment banking |
| Revenue |  ₹8,532.72 crore (US$1.0 billion) (2017)[1] |
| ₹3,030 crore (US$360 million) (2017)[1] | |
| ₹1,020 crore (US$120 million) (2017)[1] | |
| Total assets | ₹112,160 crore (US$13 billion) (2017)[1] |
Number of employees | 7,043 (July 2018) |
| Parent | Infrastructure Development Finance Company |
| Capital ratio | 18.90% [1] |
| Website | www |
The IDFC Bank is an Indian banking company with headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015.[2] IDFC received a universal banking licence from the Reserve Bank of India (RBI) in July 2015.[3] On 6 November 2015, IDFC Bank was listed on BSE and NSE.[4]
Company Information
IDFC was incorporated on 30 January 1997 with its registered office in Chennai and started operations on 9 June 1997. In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking financial company and in 1999 it formally became a Public Financial Institution.
To conform with RBI guidelines, IDFC founded a non-operative financial holding company IDFC Financial Holding Company Limited in 2014 to manage its five subsidiaries IDFC Bank, IDFC MF, IDFC Alternatives, IDFC IDF & IDFC Securities. IDFC is the holding company for NOFHC IDFC Projects Ltd and IDFC Foundation.
IDFC Bank started operations with 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. 15 branches are in settlements with a population of less than 10,000. IDFC bank has launched it's 100th branch in Honnali, Karnataka in October 2017 [5]
Prime Minister Narendra Modi formally launched IDFC Bank on 19 October 2015.[6][7]
Business Focus
The bank serves corporate and private customers in India including the infrastructure sector that IDFC specialized in from its founding in 1997. The bank also aims to provide services to people in rural areas and to the self-employed.[8][9]
The bank IDFC Bank is the first in India to launch aadhaar-linked cashless merchant solution.[10][11]
One of its largest loans into e-commerce includes a 300 crore rupees one to Flipkart.[12] On 8 November 2017, IDFC Bank entered into a strategic partnership with digital payments solution company MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik.
References
- ^ a b c d e f "Balance Sheet 31.03.2017". idfcbank.com (15 March 2018).
- ^ Sinha, Shilpy (29 September 2015). "IDFC banks on psychometric tests for senior level hirings". Economic Times. Retrieved 30 September 2015.
- ^ "IDFC Bank to start operations from Oct 1 | Business Standard News". Business-standard.com. 25 July 2015. Retrieved 15 October 2016.
- ^ "De-merger listing: IDFC Bank debuts at Rs 72 on NSE". Moneycontrol.com. 8 November 2015. Retrieved 15 October 2016.
- ^ "IDFC Bk to start ops with few branches by Oct 1: Rajiv Lall". Moneycontrol.com. 12 April 2015. Retrieved 15 October 2016.
- ^ "Narendra Modi inaugurates IDFC Bank, talks of banking reforms". Livemint. Retrieved 15 October 2016.
- ^ "PM inaugurates IDFC Bank | Business Standard News". Business-standard.com. 19 October 2015. Retrieved 15 October 2016.
- ^ "7 things to know about IDFC Bank | Business Standard News". Business-standard.com. 1 October 2015. Retrieved 15 October 2016.
- ^ "I am happy to over-invest in technology: IDFC's Rajiv Lall". Livemint. 1 July 2015. Retrieved 15 October 2016.
- ^ K.R.Srivats (7 March 2017). "IDFC Bank takes the lead, launches Aadhaar Pay". The Hindu Business Line. Retrieved 9 March 2017.
- ^ "IDFC Bank launches aadhaar-linked cashless merchant solution - The Economic Times". The Economic Times. Retrieved 17 January 2017.
- ^ "IDFC Bank gives Rs 300 crore loan to Flipkart - Times of India". The Times of India. Retrieved 17 January 2017.
