Achievements Of IDFC Bank
- IDFC First Bank has been the first one in the race of digital transformations. In 2017, it became the first bank in India to launch an Aadhar Card linked Cashless Merchant Solution.
- In 2023, very recently, IDFC First launched a Digital Currency under the governance of RBI, thus setting up a major achievement in the history of it’s own digital world.
- In 2020, IDFC launched its First Brand Ambassador, The star of the Industry Amitabh Bachchan. He gave a statement that how he was pleased to be a brand ambassador of the bank which has been transforming itself according to the new age services the youth needs. He termed the bank as a bank of values and great governance and transparency.
- Starting as a financial company in 1997, it now rose high in being a Global bank with a capital rate of 13.28% and is in the position to provide customer friendly interests on savings account, FD, NRI Loans, Home loans, Personal Loans, and provide credit cards and debit cards. Over the years, the bank has established itself as a recognised bank amidst the technological innovations that continue to take place.
- The bank has been performing exceptionally well and in recent times it’s Stock prices went up by around 34.1% and gave a return of 45% last year. The net Non Performing Asset (NPA) of the bank too showed an improvement as it declined by 0.02% to 0.7% for the 2023 quarter.
Related Resources:
IDFC full form | IDFC First Bank
IDFC Full Form: Infrastructure Development Finance Company is a private sector bank whose Managing Director and CEO is V. Vaidyanathan. IDFC received a banking license from RBI on July 23, 2015, and began its operations on October 1, 2015, with 23 branches planned in Delhi, Madhya Pradesh, Mumbai and three districts of Madhya Pradesh. It is the first universal bank to offer monthly interest credit on savings accounts and lifetime free credit cards with low percentage rates. It is a bank with one of the most convenient systems for customers and holds a service-oriented approach with its clients.