IDFC FIRST Bank Risk Management & Asset Quality
Our approach to building IDFC FIRST Bank (1/3)
Safety First
Section 2: Approach to build IDFC FIRST Bank
In December 2018, when our Bank merged with Capital First, 92% of our liabilities were institutional. To
address this, we prudently slowed down the loan growth to CAGR of only 5.1% for 3 years (2019-2022), and
instead focused on increasing our retail deposits. Retail deposits are now 79% of our customer deposits.
This approach of safety first helped strengthen the Bank's liability franchise and CASA ratio.
Culture: Ethical
The Bank believes income earned unethically is not worth earning. Accordingly, it designs all products with a
"Near and Dear" Test, 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 with Capital Adequacy (including profits) of 16.73% (December 31,
2023). Bank raised Rs. 3000 crore of fresh equity Capital in October 2023.
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IDFC FIRST
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