Jaipur, May 30, 2024. IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunities for loan growth with high asset quality. The overall asset…
Mumbai, December 14, 2023. IDFC FIRST Bank, LIC Cards and Mastercard today announced their collaboration to launch an exclusive co-branded credit card to meet the dynamic financial needs of India. Loaded with many exciting benefits such as no joining & annual fees and low interest rates starting from 9% p.a., the new card has been designed…
Mumbai, December 07, 2023. Keeping in sync with its focus on enhancing customer convenience and revolutionizing transactional experiences, IDFC FIRST Bank announces the launch of their IDFC FIRST Bank digital RuPay Credit Card, powered for UPI. This digital card is an addition to customers’ existing IDFC FIRST Bank Credit Cards, and it seamlessly blend the…
Jaipur, October 2023. IDFC First Bank reported a net profit of Rs 751 crore for the quarter ended September 30 which was up 35% year-on-year versus Rs 556 crore reported by the company in the corresponding quarter of the previous financial year. The standalone core operating profit grew 38% YOY from Rs 1,052 crore in…
Mumbai, July 30, 2023. The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2023. Profitability Net Profit for Q1-FY24 grew 61% YOY from Rs. 474 crore in Q1-FY23 to Rs. 765 crore in Q1-FY24 driven by strong growth in core…