IDFC FIRST Bank Risk Management & Asset Quality
Our Digital Initiatives
Significant traction on electronic platforms
RTGS & NEFT
payments through CMS
solutions up by 19% YoY (vol.)
FASISQ
95%
Of the overall
transactions are
digital
16.6 mn+
FASTag issued since
launch
Credit Card Spends
(9M FY24):
Growth of 61% YoY
3
ום
Ranked 3rd
Bharat Bill Payment
System (BBPS): amongst
35 biller operating units
UPI value: Growth of ~68% for
9M FY24 over the last year
2.2 mn+
Credit cards issued since
launch in January 2021
POS Transactions (Q3FY24):
(Vol): 33% growth YoY
(Value): 34% growth YoY
Section 6: Products and Services
•
IDFC FIRST Bank has been
chosen as one of the first 8 Bank
to conduct pilot of Central Bank
Digital Current (CBDC).
The Bank has already recorded
many Retail & Wholesale
transactions through CBDC.
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