IDFC FIRST Bank’s Post

Manage your ledger of success with IDFC FIRST Bank Professional Loans! Let the entrepreneur in you excel with quick funding of up to ₹30 lakhs. Apply now: https://idfcfr.in/UaWuuT #IDFCFIRSTBank #AlwaysYouFirst #ProfessionalLoans

1,910 Lend-A-Shoulder volunteers from 280 Bharat Banking branches across 12 states conducted workshops on the importance of cyber security for secondary and undergraduate students. Together, they successfully equipped 13,614 young adults with valuable knowledge to navigate the digital landscape safely and confidently, raising awareness about phishing, OTP scams, and other cyber threats. #IDFCFIRSTBankCSR #FIRSTIMPACT #LendAShoulder #Volunteering

Over the past year, our Lend-A-Shoulder volunteers have emerged as forces driving Social Good, committed to making a positive difference in surrounding communities. By generously offering their skills and expertise, they helped enrich the lives of those across diverse backgrounds with essential insights for growth and success, while also conserving the environment for future generations. We look forward to their involvement in future initiatives that will contribute to meaningful societal change. #FIRSTIMAPCT #IDFCFIRSTBankCSR #SocialImpact

Explore the dynamic conversation between Mr. Vaidyanathan V, MD & CEO of IDFC FIRST Bank, alongside other industry leaders as they discuss the evolving landscape of Indian banking with CNBC TV18's Ms. Shereen Bhan. Gain invaluable insights into the opportunities and challenges that lie ahead and discover IDFC FIRST Bank’s strategic vision for navigating the banking sector's journey in the next decade. Watch the whole interaction here: https://lnkd.in/dgqsti_z #IDFCFIRSTBank #AlwaysYouFirst

Join our team and be part of a mission that matters. We've financed 2.1 million water and sanitation loans with exceptional repayment rates, making a real impact in our society.  Come, make a difference to communities. We may just have the right role waiting for you!  Explore career opportunities with us: https://lnkd.in/dHGSEw4z   #AlwaysYouFirst #IDFCFIRSTBank

If you're an individual looking to build a long-term career with a digital-first growing bank, here’s a chance for you to make an impact. Come, join us in revolutionizing the personal banking experience, virtually. Apply now! Elite Banker – First Wealth (HYDERABAD): https://lnkd.in/gxfEMAzd Elite Banker - First Wealth (THANE): https://lnkd.in/gtkQGFpx #EliteBanker #IDFCFIRSTBank #Hiring

Embark on your professional journey with these tips in mind as you adapt and thrive in your new workplace. Explore career opportunities with us: https://lnkd.in/dJcRTHmr   #AlwaysYouFirst #CareerTips #FreshersAdvice #IDFCFIRSTBank

When IDFC FIRST Bank and Capital First merged in 2019, the common issue pointed by all commentators was that the Bank had low CASA of 9%, and the biggest challenge in front of the bank will be to raise deposits in a competitive environment. As it turns out, the Bank’s customer deposits have risen from Rs. 38,000 at merger five years ago to Rs. 1.8 lac crores today and guided to reach Rs. 6,00,000 crores by FY 29. Such progress has been made by the Bank by taking a highly customer friendly approach. The products are designed in such a way that every employee should be confidently offer their product to their nearest family members. Thus the “Near and Dear Test” for every product released to the market. The Bank has built a strong brand in the market and seen as an institution, which also has helped this achievement. In an interview to Financial Express, IDFC FIRST Bank MD & CEO, Mr V Vaidyanathan, says that by successfully raising retail deposits, the Bank has paid off a majority of legacy IDFC infrastructure Bonds since the merger. But it is yet to pay back over Rs. 30,000 crores of Bonds and Borrowings. Once these are paid off over the next couple of years, the Bank will not require to grow deposits at this pace and can slow down deposits from current 40% to just match loan growth rates of around 22%. He said the Bank is very focussed on cash flow lending which explains the high asset quality over 14 years with current Gross NPA and Net NPA of retail, rural and MSME lending at 1.5% and 0.5% respectively. He said the bank is highly profitable now with PAT of over Rs. 2300 crores in FY 23 and is focussed on building a world class bank in India. #IDFCFIRSTBank #AlwaysYouFirst Vaidyanathan V Financial Express (India)