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IDFC full form: IDFC stands for Infrastructure Development Finance Company, a leading financial institution in India that focuses on banking, infrastructure financing, and investment solutions. Established to support the growth of India's infrastructure sector, IDFC plays a crucial role in funding projects related to transportation, energy, telecommunications, and urban development.
Over the years, it has expanded into commercial banking, asset management, and financial advisory services, catering to both businesses and individuals. With a strong commitment to economic development and financial inclusion, IDFC continues to be a key player in India’s financial landscape, driving progress and innovation.
| Question Number | Details |
| IDFC Full Form | Infrastructure Development Finance Company |
| CEO | V. Vaidyanathan |
| Banking Licence | From RBI on July 23, 2015 |
| Products |
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IDFC Bank is a private sector banking institution in India, headquartered in Mumbai. The bank was founded in 1997 as Infrastructure Development Finance Company Ltd. (IDFC) and received a banking license from the Reserve Bank of India in July 2015. The bank is the result of a merger between IDFC and the erstwhile Capital First.
IDFC is a financial institution that provides banking, insurance, and other financial services. The company was founded in 1997 and is headquartered in Mumbai, India.
IDFC was founded in 1997 as a financial institution that provides banking, insurance, and other financial services. The company is headquartered in Mumbai, India.
IDFC has grown significantly since its founding and now operates in several countries throughout Asia. The company has also expanded its product offerings to include a variety of financial services.
IDFC is a publicly traded company and is listed on the Indian stock exchange. The company has a market capitalization of over $5 billion.
IDFC is a well-respected financial institution and has been recognized for its strong financial performance. The company has been awarded several honors, including the “Best Bank in India” award from The Asian Banker.
Also Check: HSBC Full Form
IDFC First Bank is a private sector bank in India. The bank was promoted by IDFC Limited, one of India’s leading infrastructure development and finance companies. The bank commenced operations in January 2015.
| Category | Interest Rate Details |
| Savings Account Interest Rate | 4% up to Rs. 1 crore, 6% above Rs. 1 crore |
| Base Rate | 9.50% (as of October 1, 2015) |
| Deposit Interest Rate (Under Rs. 1 Crore) | Ranges from 4% to 8.25% (for a tenure of 7 days to 10 years) |
| Senior Citizens Benefit | Additional 0.50% interest over the standard rate |
IDFC FIRST Bank, formerly known as IDFC Bank, offers a wide range of banking services to individuals, businesses, and corporates. It provides savings and current accounts, fixed deposits, loans, credit cards, and digital banking solutions to meet modern financial needs.
For individuals, IDFC FIRST Bank offers personal banking services like high-interest savings accounts, home loans, personal loans, and investment options. Businesses benefit from corporate banking solutions, SME loans, trade finance, and cash management services. The bank is also known for its customer-friendly digital banking features, ensuring secure and seamless online transactions.
With a strong focus on financial inclusion and innovative banking, IDFC FIRST Bank aims to provide affordable and accessible banking services to all. Its commitment to technology-driven solutions, customer satisfaction, and economic growth makes it one of the fastest-growing banks in India.
IDFC stands for Infrastructure Development Finance Company.
IDFC Limited was established by the Government of India in 1997 to finance infrastructure projects across the country.
IDFC FIRST Bank offers a range of features, including:
No, IDFC FIRST Bank is a private sector bank. It originated from IDFC Limited, which was established by the Government of India, but the bank itself operates as a private entity.
As of December 2018, V. Vaidyanathan serves as the Managing Director and CEO of IDFC FIRST Bank.
No, IDFC (Infrastructure Development Finance Company) and HDFC (Housing Development Finance Corporation) are distinct entities. While both operate in the financial sector in India, they have different origins, services, and operational focuses.