Hammad Kamal

IDFC FIRST Bank

IDFC FIRST Bank is a leading private sector universal Bank in India. Our Bank's vision is to "build a world class bank in India, guided by ethics, powered by technology, and to be a force for social good". IDFC Bank was promoted by IDFC Ltd (est. 1997) which was a premier DFI renowned for financing India's infrastructure such as roads, ports, and power projects with a balance sheet of Rs. 75,337 crores. Capital First (est. 2012) was a successful technology led NBFC focused on financing consumer and MSME, with strong track record of growth profits and asset quality with a balance sheet of Rs. 27,351 crores. It has provided over 30 million loans & serves 60,000 + villages, cities and towns in India. Our bank believes in making customer-first products and the first universal bank to offer monthly interest credit on savings accounts, first to announce ZERO FEES on Savings accounts, first to issue life-time free credit cards with no minimum spend conditions, first to offer dynamic and low APR rates, first to announce "never-expiring" rewards points, and many more Since the merger, the Bank has successfully transformed from an infrastructure and corporate financing institution to a diversified retail led financial institution. Between December 31, 2018 to December 31, 2022: - Current & Savings account Ratio increased from 8.7% to 50.0% - Retail financing increased from 30% to 67% of the funded book. - Deposits from retail customers has increased from 17.1% to 71.5% - Balance sheet grown from Rs. 1,56,916 crores to Rs. 2,21,374 crores. - Number of branches increased from 206 branches to 707 - ATM network grew from 112 to 867 - Core Operating profits increased from Rs. 1,097 crores Q3 FY19 annualized to Rs. 4,873 crores Q3 FY 23 annualized. - Bank maintains high asset quality with gross NPA of 2.96% and net NPA of 1.03%. Retail loans which form majority of the loan book has a gross NPA of 1.87% & net NPA of 0.70%.