IDFC FIRST Bank Ltd was created by the merger of IDFC Bank Ltd and Capital First Ltd on 18 December 2018, and renamed officially in January 2019. Based in Mumbai, Maharashtra, the bank is a full-service private-sector universal bank offering retail, SME, corporate, treasury, and digital banking solutions. Dixon Technologies (India) Pvt Ltd.
As of June 30, 2025, IDFC FIRST Bank has over 35 million customers, processing total customer business (deposits + loans) of around ₹5.1 lakh crore — with ₹2.56 lakh crore in deposits and ₹2.53 lakh crore in loans & advances. As of March 2024, its paid-up capital was ₹7,330.59 crore with an authorized capital ceiling of ₹14,000 crore. Shreeji shipping global Ipo
Business Highlights & Recent Performance
The bank has managed to shift from its previous infrastructure-oriented lending to a retail, SME, and digitally led business model.
IDFC FIRST Bank posted a net profit of ₹2,957 crore in FY24, demonstrating its consistent asset quality improvement and retail supremacy.https://www.moneycontrol.com
PROS
- Company has delivered good profit growth of 20.3% CAGR over last 5 years
CONS
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.87% over last 3 years.
- Contingent liabilities of Rs.4,40,995 Cr.
- Earnings include an other income of Rs.7,794 Cr.
Strengths
- Fast-growing retail & SME banking franchise driving robust growth.
- Strong emphasis on digital innovation and ethos of ethical banking.
- Merger-led diversified business mix post-IDFC-Capital First.
Risks & Considerations
- Microfinance and high-risk portfolios have at times pushed up credit costs.
- Profitability is susceptible to cost pressures & asset-quality fluctuations.
- India’s private-banking segment may have high competition that impacts margins.
Takeaway
IDFC FIRST Bank is a rapidly expanding private-sector bank that will look to consolidate its position in retail and digital banking. Its deep deposit base, customer focus, and digital growth set it up for sustained growth in the long term. Investors should, however, track valuation levels, asset quality, and cost efficiency to assess sustainable performance. Game Changers Texfab Limited IPO 2025 – Everything You Need to Know