Awards & Recognitions
Our approach to building IDFC FIRST Bank (1/3)
Safety First
Culture: Ethical
Section 3: Approach to build IDFC FIRST Bank
We were previously an infrastructure DFI. At the time of our merger with Capital First in December 2018,
91% of our liabilities were institutional and 73% of our deposits were corporate. To address this, we focused
on increasing our retail deposit base, achieving a 3-year CAGR of 84% from Dec-18 to Dec-21. As a result,
retail deposits now make up 76% of our customer deposits. We also exercised restraint in our loan growth,
with an increase of only 5.1% during the first 3 years post-merger (Dec-18 to Dec-21). This approach of safety
first helped strengthen the Bank's liability franchise and set up the bank for growth on a strong foundation.
The Bank believes income earned unethically is not worth earning. The Bank prioritizes ethics in all its
dealings and in its product design. It applies a "Near and Dear" Test in all product design, so that the
employees of the Bank serve only such products they'd want to serve to their own loved ones.
Capital
The bank is well capitalized for growth at with capital adequacy of 16.82%.
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IDFC FIRST
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