Full form of IDFC
Full form of IDFC is Infrastructure Development Finance Company.
IDFC is an Indian finance company which offers finance and advisory services for asset management, projects and investment banking.
Mr. V. Vaidyanathan is the CEO and Managing Director (MD) of the IDFC First Bank in 2019.
The Reserve Bank of India (RBI) gave an approval to 2 entities among 25 banking aspirants in April 2014.
The non-banking finance company IDFC was one of the companies to get the approval from RBI.
The headquarter of IDFC FIRST BANK is in Mumbai today.
History
The firm received its banking license on 23 July, 2015 from the RBI. The IDFC Bank has now entered in to the banking industry.
IDFC has started its operations on 1 October, 2015 with its 23 branches and some of which are,
- Delhi
- Madhya Pradesh
- Mumbai
- and 3 districts of Madhya Pradesh.
The Erstwhile IDFC Bank and Erstwhile Capital First has announced to be merge, In January 2018.
Banking Services of IDFC
Individual needs
The Services offered to customers are include,
- Personal Loan
- Home Loan
- savings account
- Visa Platinum Debit Card
- Debit Card Offers
- Notice Board etc.
Business Needs
The services offers to customers as per their business need, which includes,
- fixed deposits for the banks
- business debit cards
- Business loans
- cash management services
- Trade and forex services etc.
Wealth Management
It includes,
- Business Insurance Solutions
- Gold Bonds
- Mutual Funds
- Personal Insurance Solutions
Wholesale Banking
Trending and Latest Services
It includes,
- Mobile banking
- Internet banking
- Recharge and Bill Payments