Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -14,6 +14,129 @@
14	14	The bank was launched through this demerger from IDFC Limited in November 2015. During the subsequent three years, the bank developed a strong and robust framework including strong IT capabilities for scaling up the banking operations. The Bank designed efficient treasury management system for its own proprietary trading, as well as for managing client operations. The bank started building Corporate banking businesses. Recognizing the change in the Indian landscape, emerging risk in infrastructure financing, and the low margins in corporate banking, the bank launched retail business for assets and liabilities and put together a strategy to retailize its loan book to diversify and to increase margins. Since retail required specialized skills, seasoning, and scale, the Bank was looking for inorganic opportunities for merger with a retail lending partner who already had scale, profitability and specialized skills.
15	15
16	16
	17	+[[image:IDFCFIRSTB0.jpg]]
	18	+
	19	+
	20	+== Product and services ==
	21	+
	22	+
	23	+**Bank Accounts**
	24	+
	25	+Savings Account
	26	+
	27	+Corporate Salary Account
	28	+
	29	+Senior Citizen Savings Account
	30	+
	31	+FIRST Power
	32	+
	33	+Minor's Savings Account
	34	+
	35	+NRI Savings Account
	36	+
	37	+Health FIRST Savings Account
	38	+
	39	+Future FIRST Savings Account
	40	+
	41	+Vishesh Savings Account
	42	+
	43	+Pratham Savings Account
	44	+
	45	+Honour FIRST Defence Account
	46	+
	47	+
	48	+**Fixed Deposit**
	49	+
	50	+Recurring Deposit
	51	+
	52	+NRI Fixed Deposit
	53	+
	54	+
	55	+**Loan**
	56	+
	57	+Personal Loan
	58	+
	59	+Consumer Durable Loan
	60	+
	61	+Home Loan
	62	+
	63	+Two Wheeler Loan
	64	+
	65	+Pre-owned Car Loan
	66	+
	67	+Loan Against Property
	68	+
	69	+Vyapaar Vriddhi - Micro Enterprise Loan
	70	+
	71	+Sakhi Shakti - JLG Loan for Women
	72	+
	73	+Suvidha Shakti
	74	+
	75	+Car Loan
	76	+
	77	+Easy Buy EMI Card
	78	+
	79	+
	80	+**Invest & Insure**
	81	+
	82	+Mutual Funds
	83	+
	84	+Sovereign Gold Bonds
	85	+
	86	+IDFC FIRST Zerodha 3-in-1
	87	+
	88	+Investment Linked Insurance
	89	+
	90	+Term Insurance
	91	+
	92	+Health Insurance
	93	+
	94	+Motor Insurance
	95	+
	96	+Home Insurance
	97	+
	98	+Travel Insurance
	99	+
	100	+Pradhan Mantri Insurance
	101	+
	102	+
	103	+**Payments**
	104	+
	105	+IDFC FIRST Bank Credit Bill Payments
	106	+
	107	+BHIM UPI
	108	+
	109	+Funds Transfer
	110	+
	111	+Bill Payments and Recharge
	112	+
	113	+Online Shopping and Payments
	114	+
	115	+NACH
	116	+
	117	+Online Tax Payments
	118	+
	119	+BHARAT QR
	120	+
	121	+Point Of Sale
	122	+
	123	+
	124	+**Cards**
	125	+
	126	+Credit Card
	127	+
	128	+FIRST Millennia Credit Card
	129	+
	130	+FIRST Classic Credit Card
	131	+
	132	+FIRST Select Credit Card
	133	+
	134	+FIRST Wealth Credit Card
	135	+
	136	+
	137	+[[image:IDFCFIRSTB1.png]]
	138	+
	139	+
17	17	= Business Overview =
18	18
19	19	== Retail Liabilities ==
...	...	@@ -47,6 +47,12 @@
47	47	The Bank actively engages with Institutions like SIDBI, NABARAD, NHB and Exim Bank to avail refinance and with overseas branches of domestic banks to avail foreign currency borrowings. Leveraging on its strong relationships with banks, the Bank also acquired Priority Sector Assets to meet its regulatory requirements, through investment in IBPC issued by these banks and purchased PSLCs from them.
48	48
49	49
	173	+[[image:IDFCFIRSTB2.png]]
	174	+
	175	+[[image:IDFCFIRSTB3.png]]
	176	+
	177	+
	178	+
50	50	= Financial results =
51	51
52	52	May 8, 2021; The Board of Directors of IDFC FIRST Bank announce financial results for the quarter and the year ended March 31, 2021. {{footnote}}https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/financial-results/IDFC-FIRST-Bank-Financial-Results-Q4-FY21.pdf{{/footnote}}