IDFC First Bank Ltd

IDFC First Bank Ltd

Fortune 500 2024
+ 10 More
+ 10 More
OVERVIEW
FINANCIALS
NEWS

About

IDFC First Bank is an Indian universal bank established with a focus on ethical, digital, and social good banking. It was officially formed after the merger of IDFC Bank Limited and Capital First Bank in 2018. It is now led by V. Vaidyanathan, former MD and CEO of ICICI Prudential Life Insurance Company, with the intent of providing financial services to small businesses. These services include accounts, deposits, loans, cards, investments, insurance, and offers. The bank’s net worth has increased by ₹11,274 cr since 2018 to stand at ₹26,531 cr on June 30, 2023. IDFC First Bank was awarded the Best Mid-Sized Bank title at the 17th Mint BFSI (Banking, Financial Services, and Insurance) Summit & Awards, 2025.

Incorporation Year: 2014
Headquarters: Mumbai
Top Management: V. Vaidyanathan
Industry: BFSI

Featured In Fortune India Ranking

Fortune 500 India
#72(2024)
#84(2023)
#91(2022)
#82(2021)
#81(2020)
#111(2019)
#145(2018)
#137(2017)
#280(2016)
#168(2011)
#168(2010)
#72(2024)#84(2023)#91(2022)#82(2021)#81(2020)#111(2019)#145(2018)#137(2017)#280(2016)#168(2011)#168(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
36,257
(INR Cr)
Net Operating Income
30,325
(INR Cr)
Assets
296,390
(INR Cr)
Profit
2,942
(INR Cr)
Net Worth
32,274
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015
Revenue
(INR Cr)
36257
33.3%
27195
33.7%
20345
11.9%
18180
1.2%
17963
37.9%
13028
27.5%
10218
6.5%
9597
136.9%
4052
-
0
-
Net Operating Income
(INR Cr)
30325
33.43%
22728
32.35%
17173
7.54%
15968
-1.68%
16240
33.07%
12204
34.13%
9098
6.06%
8578
135.10%
3649
-
0
-
Profit
(INR Cr)
2942
18.4%
2485
1778.1%
132
-72.6%
483
-
-2843
-
-1908
-
880
-13.6%
1019
118.2%
467
-
-3
-
Assets
(INR Cr)
296390
23.5%
240009
26.2%
190244
16.6%
163160
9.3%
149234
-10.8%
167203
32.1%
126570
12.8%
112260
34.7%
83333
-
0
-
Net Worth
(INR Cr)
32274
24.9%
25848
22.6%
21082
17.8%
17900
16.2%
15404
-15.4%
18199
19.2%
15274
4.1%
14677
0.0%
13633
-
-3
0.0%
Employee Cost
(INR Cr)
5634
31.7%
4279
38.0%
3100
34.7%
2302
28.2%
1795
40.3%
1279
62.7%
786
27.9%
615
139.6%
257
-
0
-
Interest Cost
(INR Cr)
1387010091746585851022887437126651528020
Cash & Bank Balance
(INR Cr)
1248113779157025773416395264877514029040
Total Debt
(INR Cr)
25150620168215850213432212247614033710532790360653790

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015
Profit As % Of Revenues 8.1%9.1%0.7%2.7%--8.6%10.6%11.5%-
Profit As % Of Assets 1.0%1.0%0.1%0.3%--0.7%0.9%0.6%-
Profit As % Of Networth 9.1%9.6%0.6%2.7%--5.8%6.9%3.4%-
Interest Cost to EBITDA % ----------
Debt to Equity Ratio ----------
RONW 9.6%9.4%0.6%2.6%--6.4%7.2%6.9%-
ROCE ----------