About IDFC FIRST Bank Limited 

IDFC FIRST Bank Limited is a universal bank offering a full suite of products and solutions across Corporate, Retail, MSME, Rural, Startups, and Government segments. The Bank has steadily built modern cash management, trade finance, treasury, escrow and payments capabilities for corporates, alongside a diversified retail franchise across loans, deposits, payments and cards. Its technology stack enables 98.7% of transactions to be completed digitally, supported by e‑KYC, e‑stamping, e‑signatures and e‑mandates with 99.9% uptime, and it has even piloted debit cards made from recycled plastic for employees. The Bank operates largely in India with an IFSC Banking Unit at GIFT City; internationally, it serves clients through a correspondent banking network of 334 entities across 54 countries for India‑linked transactions.

The institution traces its evolution from a development finance institution to a commercial bank, and has since scaled branches, ATMs, people and digital platforms to support growth. A key milestone was the merger that formed IDFC FIRST Bank, tracked in the report as “since merger (December 2018),” after which deposits, CASA and the branch network expanded sharply. As on March 31, 2025, the Bank has 1,002 branches and 1,041 ATMs across India and a CASA ratio of 46.9%.

IDFC FIRST Bank has one subsidiary and two associate companies as of March 31, 2025. The subsidiary acts as a business correspondent that sources loans and supports financial inclusion initiatives of the Bank.

IDFC FIRST Bank Limited’s Key Management

• V. Vaidyanathan, Managing Director & Chief Executive Officer
• Sanjeeb Chaudhuri, Chairman
• Pradeep Natarajan, Whole Time Director (from June 01, 2024)
• Sudhanshu Jain, Chief Financial Officer & Head – Corporate Centre
• Satish Gaikwad, General Counsel & Company Secretary

Latest Updates on IDFC FIRST Bank Limited 

• Amalgamation completed: Effective October 01, 2024, eIDFC Financial Holding Company Limited amalgamated into eIDFC Limited and eIDFC Limited into IDFC FIRST Bank; the Bank issued shares to eIDFC Limited shareholders, with the record date fixed on October 10, 2024, and cancelled shares held by eIDFC Limited as per the Scheme  .
• Capital actions: The Bank raised about Rs 3,200 crore via a preferential issue on July 04, 2024; in April 2025 it announced plans to raise an additional Rs 7,500 crore equity to support the next phase of growth  .
• Digital and service build out: 98.7% of transactions are digital; the Bank reports 99.9% uptime and fully digitised onboarding journeys.
• Network and reach: 1,002 branches and 1,041 ATMs across India; correspondent banking network expanded to 334 entities across 54 countries for trade and treasury solutions.
• Product and recognition: The Bank’s Cash Management Solutions platform won multiple awards in 2025, including at The Asset Triple A Awards, reflecting a robust suite spanning collections, payments, liquidity and escrow built on advanced APIs and real‑time analytics.
• Business correspondent performance: The subsidiary sourced loans worth Rs 10,984 crore in FY 2024‑25, supporting financial inclusion.