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IDFC First Bank Limited (IDFCFIRSTB.NS)

NSE - NSE Real Time Price. Currency in INR
59.60+0.30 (+0.51%)
As of 01:18PM IST. Market open.
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IDFC First Bank Limited

Naman Chambers
C-32, G-Block Bandra-Kurla Complex Bandra (East)
Mumbai 400051
India
91 22 7132 5500
https://www.idfcfirstbank.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees27,804

Key Executives

NameTitlePayExercisedYear Born
Mr. Vembu Vaidyanathan AMP (HBS), MBAMD, CEO & Director44.46MN/A1968
Mr. Sudhanshu JainCFO & Head of Corp. CentreN/AN/AN/A
Mr. Madhivanan R. BalakrishnanChief Operating OfficerN/AN/A1970
Mr. Saptarshi BapariHead of Investor RelationsN/AN/AN/A
Mr. Satish Ashok GaikwadHead of Legal & Company Sec.N/AN/A1980
Mr. Adrian AndradeChief HR Officer and Head of Communications & HRN/AN/AN/A
Mr. Naarayan T. VChief Marketing OfficerN/AN/AN/A
Mr. Ravi Shankar PrasadHead of Bharat BankingN/AN/AN/A
Mr. Amit KumarHead of Retail Liabilities & Branch BankingN/AN/AN/A
Mr. Pradeep NatarajanHead of Retail AssetsN/AN/AN/A
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

IDFC First Bank Limited provides various banking, and financial products and services to corporates, individuals, multi- national companies, SMEs/entrepreneurs, financial institutions, and the government in India. It operates through Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business segments. The company provides savings, corporate salary, current, and business accounts; fixed and recurring deposits; debit, credit, and prepaid cards; and payment services. It also offers personal, consumer durable, home, car, two-wheeler, equipment hypothecation, business, working capital, professional, term, and micro enterprise loans, as well as loan against property and loans for women. In addition, the company provides corporate linked finance products, including sales bill/purchase bill/invoice discounting, vendor finance, dealer finance, and factoring/receivables purchase; treasury and capital market services; and trade finance and services comprising import-export solutions, bank guarantees, remittances, etc. Further, it offers investment services consisting of mutual funds, gold bonds, demat and trading account, and investment linked insurance solutions; term, health, motor, home, travel, business, and pradhan mantri insurance products, as well as savings and annuity plans; and mobile, Internet banking, and customer care services. Additionally, the company provides cash management services; investment banking services; and investment management solutions. As of March 31, 2022, it operated 641 branches, 203 asset service branches, 719 ATMs and recyclers, and 601 rural business correspondent branches. The company was formerly known as IDFC Bank Limited and changed its name to IDFC First Bank Limited in January 2019. IDFC First Bank Limited was incorporated in 2014 and is based in Mumbai, India.

Corporate Governance

IDFC First Bank Limited’s ISS Governance QualityScore as of October 1, 2022 is 6. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 8; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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