IDFC Full Form
by Yogi P - October 15, 2023
What is the full form of IDFC?
IDFC stands for Infrastructure Development Finance Company. It is an Indian finance agency that offers financial and advisory services for organizations in investment banking, infrastructure, and asset management. IDFC was set up in 1997.
A brief history of IDFC
In 2014, IDFC Limited was granted in-principle approval by the Reserve Bank of India (RBI) to establish a new private-sector bank. IDFC Limited divested its assets and debts in infrastructure to the new entity, IDFC Bank. The IDFC Bank was created in November 2015 through the demerger of IDFC Limited.
On 18 December 2018, IDFC Bank merged with Capital First, a non-bank financial institution, to form IDFC FIRST Bank.
Products of IDFC FIRST Bank
IDFC FIRST Bank offers a wide range of banking products and services, including:
- Savings accounts
- Fixed deposits
- NRI accounts
- Personal loans
- Home loans
- Auto loans
- Credit cards
- Business banking services
- Wealth management services
Conclusion
IDFC FIRST Bank is a leading financial institution in India with a strong track record. It offers a wide range of products and services to its customers.
