IDFC FIRST Bank Merger and Performance Update
Executive summary
1 FOUNDING OF IDFC FIRST BANK - Merger between erstwhile IDFC Bank and erstwhile Capital First in December 2018
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ERSTWHILE IDFC BANK HISTORY AND TRACK RECORD - Demerged infrastructure portfolio from IDFC Limited into IDFC Bank
ERSTWHILE CAPITAL FIRST HISTORY AND TRACK RECORD NBFC with specialization of financing consumers and MSMEs
EMINENT BOARD AND MANAGEMENT TEAM
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PROGRESS SINCE MERGER IN DEC-18: BUILT A STRONG FOUNDATION
a
A culture of customer first, innovation, collaboration, action oriented, empowered, integrity, trust and transparency
Bouquet of loans, savings accounts, fixed deposits, insurance, investments, wealth management, forex services, credit cards products
Built a strong branch network (576 branches, 541 ATMs) (1)
Built a stable liabilities platform (CASA ratio: 48% (2), retail deposits: INR584bn, retail deposits (<=INR 50mn): 78% (3), top 20 depositors:
<10% of customer deposits) (1)
e Built a diversified and strong retail lending book (Diversified across more than 8mn customers)
f Building digital capabilities
ASSET QUALITY
a NPA at Bank level
Proactive identification and provision on stressed accounts
NPA of retail loans
Robust acquisition, underwriting, portfolio management, fraud checks, collections capabilities
7 FINANCIAL RESULTS
SUMMARY: Strong foundation built; well positioned for growth
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1.
As of Dec 31, 2020
3. % of total customer deposits
2.
% of total deposits
3
IDFC FIRST
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