IDFC First Bank Share Price

The sales moved up 33.39% to Rs. 54696.90 millions for the September 2022 quarter as compared to Rs. 41005.80 millions during the year-ago period.The Total revenue for the quarter ended September 2022 of  Rs. 5555.70  millions  grew by 266.13% from Rs. 1517.40 millions.

The sales moved up 33.39% to Rs. 54696.90 millions for the September 2022 quarter as compared to Rs. 41005.80 millions during the year-ago period.The Total revenue for the quarter ended September 2022 of  Rs. 5555.70  millions  grew by 266.13% from Rs. 1517.40 millions.

The sales for the December 2022 quarter moved up 33.47% to Rs. 59118.20 millions as compared to Rs. 44291.60 millions during the corresponding quarter last year.Net Profit witnessed a 115.12% growth almost the double from Rs. 2810.60 millions to Rs. 6046.10  millions  of same quarter last year.

The sales for the December 2022 quarter moved up 33.47% to Rs. 59118.20 millions as compared to Rs. 44291.60 millions during the corresponding quarter last year.Net Profit witnessed a 115.12% growth almost the double from Rs. 2810.60 millions to Rs. 6046.10  millions  of same quarter last year.

The bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC

IDFC First Bank is currently trading at Rs. 50.05, up by 0.15 points or 0.30% from its previous closing of Rs. 49.90 on the BSE.

The scrip opened at Rs. 49.90 and has touched a high and low of Rs. 50.35 and Rs. 49.45 respectively. So far 1149688 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.50 on 27-Oct-2021 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 51.20 and Rs. 48.30 respectively. The current market cap of the company is Rs. 31163.61 crore.

The promoters holding in the company stood at 36.48%, while Institutions and Non-Institutions held 25.38% and 38.14% respectively.

IDFC First Bank has joined Open Network for Digital Commerce (ONDC), an initiative of the Ministry of Commerce and Industry, to enable early adoption of the network among its customers. As an early mover in the ONDC network, the Bank has enabled a platform for buyers which will help them discover sellers in the ONDC Network as it develops over time.

The bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC. The app is expected to help small merchants carry out transactions over ONDC's electronic network and step up their digital footprint.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

IDFC First Bank has informed that the ‘Allotment, Transfer, & Routine Matters Committee’ of Bank on September 22, 2022, has approved the allotment of 10,56,015 equity shares of face value of Rs 10 each fully paid-up to eligible employees of the Bank upon exercise of Stock Options vested with them under the ‘IDFC FIRST Bank ESOS’. These equity shares shall rank with the existing equity shares of the Bank in all respects. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 6220,28,14,720 comprising of 622,02,81,472 equity shares of Rs 10 each fully paid-up to Rs 6221,33,74,870 comprising of 622,13,37,487 equity shares of Rs 10 each fully paid-up.

The above information is a part of company’s filings submitted to BSE.

IDFC FIRST Bank has informed that the ‘Allotment, Transfer & Routine Matters Committee’ of bank on October 18, 2022, has approved the allotment of 9,65,150 equity shares of face value of ₹ 10 each fully paid-up to eligible employees of the Bank upon exercise of Stock Options vested with them under the ‘IDFC FIRST Bank ESOS’. These equity shares shall rank with the existing equity shares of the Bank in all respects. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from ₹62,21,33,74,870 comprising of 6,22,13,37,487 equity shares of ₹10 each fully paid-up to ₹62,22,30,26,370 comprising of 6,22,23,02,637 equity shares of ₹ 10 each fully paid-up.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IDFC FIRST Bank has informed that the audio recording of earnings call with analysts and investors held on October 22, 2022 on unaudited financial results of the Bank for the quarter and half year ended September 30, 2022 has been made available on the website of the Bank.

The above information is a part of company’s filings submitted to BSE.

Customers can affix the Sticker-based Debit Card on any surface of their choice, such as cell phones, identity cards, wallets, tabs, airpod cases, etc

IDFC First Bank is currently trading at Rs. 58.05, up by 1.25 points or 2.20% from its previous closing of Rs. 56.80 on the BSE.

The scrip opened at Rs. 56.65 and has touched a high and low of Rs. 59.15 and Rs. 56.65 respectively. So far 3289582 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.40 on 24-Oct-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 59.15 and Rs. 55.50 respectively. The current market cap of the company is Rs. 36592.76 crore.

The promoters holding in the company stood at 36.47%, while Institutions and Non-Institutions held 33.34% and 30.18% respectively.

IDFC First Bank has launched FIRSTAP, the country’s first sticker-based debit card, in association with National Payments Corporation of India (NPCI), to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal. The sticker-based Debit Card is one third the size of a regular debit card, thus making the sticker applicable on a wide range of devices and objects, and significantly enhancing customer convenience.

Customers can affix the Sticker-based Debit Card on any surface of their choice, such as cell phones, identity cards, wallets, tabs, airpod cases, etc. The object can be used to tap and pay, thus doing away with the need to carry a Debit Card or adapting to wearable devices such as watches and rings or entering a UPI PIN after scanning a QR code. The touch-free way to pay enables payments in seconds for transactions up to Rs 5,000 without a PIN, and those beyond that, with a tap and PIN.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Date of maturity of said NCDs will be on December 01, 2032

IDFC First Bank is currently trading at Rs. 59.00, up by 0.40 points or 0.68% from its previous closing of Rs. 58.60 on the BSE.

The scrip opened at Rs. 58.65 and has touched a high and low of Rs. 59.55 and Rs. 58.35 respectively. So far 2610562 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.65 on 28-Nov-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 59.65 and Rs. 56.65 respectively. The current market cap of the company is Rs. 36530.42 crore.

The promoters holding in the company stood at 36.47%, while Institutions and Non-Institutions held 33.34% and 30.18% respectively.

IDFC First Bank has raised Rs 1500 crore through allotment of 1,500 Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Bonds, Basel III compliant, Tier 2 capital (in the nature of Debentures) for a face value of Rs 1 crore each. Date of maturity of said NCDs will be on December 01, 2032.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

NASSCOM COE and IDFC FIRST Bank will collaborate across a range of initiatives such as Investor Connect

IDFC First Bank is currently trading at Rs. 59.40, up by 0.15 points or 0.25% from its previous closing of Rs. 59.25 on the BSE.

The scrip opened at Rs. 59.65 and has touched a high and low of Rs. 60.00 and Rs. 59.20 respectively. So far 486777 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.20 on 05-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 61.20 and Rs. 58.35 respectively. The current market cap of the company is Rs. 36935.63 crore.

The promoters holding in the company stood at 36.47%, while Institutions and Non-Institutions held 33.34% and 30.18% respectively.

IDFC FIRST Bank and NASSCOM Centre of Excellence (COE) have partnered to grow the innovation ecosystem through an exclusive range of banking solutions. IDFC FIRST Bank will offer its curated products and solutions for startups including Zero Balance Startup Current Account, uniquely designed Working Capital solutions for pre-profit startups, Business Credit Cards for Startups with step-up credit, a tailored ‘Founder Success Program’ and 40+ Beyond Banking offers from its partners.

While NASSCOM COE will bring in technology and domain expertise to the partnership, IDFC FIRST Bank will offer tailored financial products to support innovation and entrepreneurship. NASSCOM COE and IDFC FIRST Bank will collaborate across a range of initiatives such as Investor Connect, Knowledge Sharing sessions and Tech Conclaves to engage with the Startup community extensively.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

On the occasion of its Foundation Day on December 18, the Bank has announced 'Zero-fee banking' on savings accounts

IDFC First Bank is currently trading at Rs. 62.05, up by 0.10 points or 0.16% from its previous closing of Rs. 61.95 on the BSE.

The scrip opened at Rs. 62.35 and has touched a high and low of Rs. 62.45 and Rs. 61.35 respectively. So far 1135094 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 64.30 and Rs. 57.65 respectively. The current market cap of the company is Rs. 38774.61 crore.

The promoters holding in the company stood at 36.47%, while Institutions and Non-Institutions held 33.34% and 30.18% respectively.

IDFC First Bank has waived charges on a number of customer-centric services such as cash deposits, withdrawals, demand drafts, IMPS and SMS alerts, among others. On the occasion of its Foundation Day on December 18, the Bank has announced 'Zero-fee banking' on savings accounts.

It has waived fees on 25 commonly used banking services related to savings accounts such as cash deposit and withdrawal at branches, third party cash transactions, demand drafts, IMPS, NEFT, RTGS, cheque book, SMS alerts, interest certificates, insufficient balance for ATM transactions, international ATM usage and so on.

Customers maintaining as low as Rs 10,000 average monthly balance and Rs 25,000 AMB in savings accounts will be offered these services free of cost. This will benefit all customers, and particularly those with lesser financial literacy who find it difficult to compute the fees and charges.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Total consolidated income of the bank increased by 35.89% to Rs 7,064.33 crore for Q3FY23

IDFC First Bank is currently trading at Rs. 59.45, up by 0.10 points or 0.17% from its previous closing of Rs. 59.35 on the BSE.

The scrip opened at Rs. 61.25 and has touched a high and low of Rs. 61.85 and Rs. 59.10 respectively. So far 3022342 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 61.85 and Rs. 58.40 respectively. The current market cap of the company is Rs. 37213.32 crore.

The promoters holding in the company stood at 36.38%, while Institutions and Non-Institutions held 33.59% and 30.03% respectively.

IDFC First Bank has reported results for third quarter ended December 31, 2022.

The bank has reported rise of 115.12% in its net profit at Rs 604.61 crore for Q3FY23 as compared to Rs 281.06 crore for the corresponding quarter previous year. Total income of the bank increased by 23.86% to Rs 7,064.30 crore for the quarter under review as compared to Rs 5,197.79 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 616.61 crore for Q3FY23 as compared to Rs 290.21 crore for the same quarter in the previous year. Total income of the bank increased by 35.89% to Rs 7,064.33 crore for the quarter under review as compared to Rs 5,198.58 crore for the same quarter in the previous year.

This project will help Kochi Metro users to pay digitally using their Bank’s CBDC Wallets and avoid cash transactions

IDFC First Bank is currently trading at Rs. 54.88, up by 0.13 points or 0.24% from its previous closing of Rs. 54.75 on the BSE.

The scrip opened at Rs. 54.59 and has touched a high and low of Rs. 55.19 and Rs. 54.20 respectively. So far 2245328 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 58.09 and Rs. 54.20 respectively. The current market cap of the company is Rs. 34100.59 crore.

The promoters holding in the company stood at 36.38%, while Institutions and Non-Institutions held 33.59% and 30.03% respectively.

IDFC FIRST Bank and Anantham Online have partnered to enable acceptance of Digital Rupee at Kochi Metro’s parking locations. This partnership comes at the back of the recently launched CBDC (Central Bank Digital Currency), a pilot program launched by the RBI (Reserve Bank of India) for retail users.

This project will help Kochi Metro users to pay digitally using their Bank’s CBDC Wallets and avoid cash transactions. Currently CBDC is in the first phase of its implementation with 4 banks including IDFC FIRST Bank. Digital Rupee acts just like cash transactions to instill safety and trust.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Inter-alia, to consider and if thought fit, to approve the proposal for raising of funds by way of issue of equity shares of the Bank on preferential basis or such other mode, in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and such other acts, rules, regulations, laws and statutes, as may be applicable (including any statutory modification(s) thereto or re-enactment thereof for the time being in force), subject to all such regulatory / statutory approvals as may be required including the approval of shareholders of the Bank.

Quarterly Results

Quarterly Results

Quarterly Results

Audited Results & Inter alia, to discuss and consider an enabling proposal for raising funds by way of issuance of debt securities, on private placement basis, in one or more tranches, in accordance with the provisions of applicable laws, subject to the approval of the Members of the Bank at the ensuing Annual General Meeting and any other approvals, as may be necessary.

Quarterly Results

Quarterly Results & Inter-alia, to discuss and consider an enabling proposal for raising funds by way of issuance of debt securities, on private placement basis, in one or more tranches, in accordance with the provisions of applicable laws, subject to the approval of the Members of the Bank at the ensuing Annual General Meeting and any other approvals, as may be necessary.

Audited Results

Inter alia, to consider and approve the proposal for raising of funds by way of issue of equity shares/ other equity linked securities, through permissible mode(s) including but not limited to a Private Placement, Preferential Issue, Qualified Institutional Placement, Further Public Offering, etc., or combination thereof, in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (including any statutory modification(s) thereto or reenactment thereof for the time being in force) and such other acts, rules, regulations, laws and statutes, as may be applicable, subject to approval of the Shareholders of the Bank and regulatory/ statutory approvals and any other approval as may be required

Quarterly Results

Quarterly Results

Quarterly Results

The bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC

IDFC First Bank has joined Open Network for Digital Commerce (ONDC), an initiative of the Ministry of Commerce and Industry, to enable early adoption of the network among its customers. As an early mover in the ONDC network, the Bank has enabled a platform for buyers which will help them discover sellers in the ONDC Network as it develops over time.

The bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC. The app is expected to help small merchants carry out transactions over ONDC's electronic network and step up their digital footprint.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

CASA Ratio stood at 51.34% (provisional) as of September 30, 2022 as compared to 50.04% as of June 30, 2022

IDFC First Bank has posted 35.9% growth in customer deposits at Rs 1,14,004 crore (provisional) for second quarter ended September 30, 2022 (Q2FY23) as compared to Rs 83,889 crore in Q2FY22. Funded Assets stood at Rs 1,45,322 crore (provisional) as of September 30, 2022, as compared to Rs 1,16,470 crore in Q2FY22, i.e. up by 24.8%.

CASA Ratio stood at 51.34% (provisional) as of September 30, 2022 as compared to 50.04% as of June 30, 2022. CASA Deposits stood at Rs 63,378 crore (Provisional) as of September 30, 2022, posting a 37% rise in year-on-year (YoY) terms against Rs 46,269 crore as of September 30, 2021.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

The move is in sync with the Government’s initiative to deepen financial inclusion

IDFC FIRST Bank has launched Digital Banking Units (DBUs) at Kendujhar in Odisha and Dimapur in Nagaland. The move is in sync with the Government’s initiative to deepen financial inclusion.

The DBUs will provide a comprehensive range of digital products and services on the liability as well as the asset side, including opening of savings accounts, fund transfers, end-to-end digital processing of loans, internet banking, digital grievance redressal, ATMs, and services related to government sponsored schemes.

The outlets at Kendujhar and Dimapur are part of the 75 DigitalBankingUnits. The establishment of DBUs across 75 districts was announced in the latest Budget to commemorate 75 years of India’s independence.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Total consolidated Income of the bank increased by 35.22 % to Rs 6,531.16 crore for Q2FY23

IDFC First Bank has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 266.13% in its net profit at Rs 555.57 crore for Q2FY23 as compared to Rs 151.74 crore for the corresponding quarter previous year. Total income of the bank increased by 33.82% to Rs 6,531.03 crore for the quarter under review as compared to Rs 4,880.29 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported over 5-fold jump in its its net profit at Rs 567.19 crore for the quarter under review as compared to Rs 110.95 crore for the same quarter in the previous year. Total income of the bank increased by 35.22% to Rs 6,531.16 crore for the quarter under review as compared to Rs 4,830.14 crore for the same quarter in the previous year. 

Customers can affix the Sticker-based Debit Card on any surface of their choice, such as cell phones, identity cards, wallets, tabs, airpod cases, etc

IDFC First Bank has launched FIRSTAP, the country’s first sticker-based debit card, in association with National Payments Corporation of India (NPCI), to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal. The sticker-based Debit Card is one third the size of a regular debit card, thus making the sticker applicable on a wide range of devices and objects, and significantly enhancing customer convenience.

Customers can affix the Sticker-based Debit Card on any surface of their choice, such as cell phones, identity cards, wallets, tabs, airpod cases, etc. The object can be used to tap and pay, thus doing away with the need to carry a Debit Card or adapting to wearable devices such as watches and rings or entering a UPI PIN after scanning a QR code. The touch-free way to pay enables payments in seconds for transactions up to Rs 5,000 without a PIN, and those beyond that, with a tap and PIN.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Date of maturity of said NCDs will be on December 01, 2032

IDFC First Bank has raised Rs 1500 crore through allotment of 1,500 Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Bonds, Basel III compliant, Tier 2 capital (in the nature of Debentures) for a face value of Rs 1 crore each. Date of maturity of said NCDs will be on December 01, 2032.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

NASSCOM COE and IDFC FIRST Bank will collaborate across a range of initiatives such as Investor Connect

IDFC FIRST Bank and NASSCOM Centre of Excellence (COE) have partnered to grow the innovation ecosystem through an exclusive range of banking solutions. IDFC FIRST Bank will offer its curated products and solutions for startups including Zero Balance Startup Current Account, uniquely designed Working Capital solutions for pre-profit startups, Business Credit Cards for Startups with step-up credit, a tailored ‘Founder Success Program’ and 40+ Beyond Banking offers from its partners.

While NASSCOM COE will bring in technology and domain expertise to the partnership, IDFC FIRST Bank will offer tailored financial products to support innovation and entrepreneurship. NASSCOM COE and IDFC FIRST Bank will collaborate across a range of initiatives such as Investor Connect, Knowledge Sharing sessions and Tech Conclaves to engage with the Startup community extensively.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

On the occasion of its Foundation Day on December 18, the Bank has announced 'Zero-fee banking' on savings accounts

IDFC First Bank has waived charges on a number of customer-centric services such as cash deposits, withdrawals, demand drafts, IMPS and SMS alerts, among others. On the occasion of its Foundation Day on December 18, the Bank has announced 'Zero-fee banking' on savings accounts.

It has waived fees on 25 commonly used banking services related to savings accounts such as cash deposit and withdrawal at branches, third party cash transactions, demand drafts, IMPS, NEFT, RTGS, cheque book, SMS alerts, interest certificates, insufficient balance for ATM transactions, international ATM usage and so on.

Customers maintaining as low as Rs 10,000 average monthly balance and Rs 25,000 AMB in savings accounts will be offered these services free of cost. This will benefit all customers, and particularly those with lesser financial literacy who find it difficult to compute the fees and charges.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Total consolidated income of the bank increased by 35.89% to Rs 7,064.33 crore for Q3FY23

IDFC First Bank has reported results for third quarter ended December 31, 2022.

The bank has reported rise of 115.12% in its net profit at Rs 604.61 crore for Q3FY23 as compared to Rs 281.06 crore for the corresponding quarter previous year. Total income of the bank increased by 23.86% to Rs 7,064.30 crore for the quarter under review as compared to Rs 5,197.79 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 616.61 crore for Q3FY23 as compared to Rs 290.21 crore for the same quarter in the previous year. Total income of the bank increased by 35.89% to Rs 7,064.33 crore for the quarter under review as compared to Rs 5,198.58 crore for the same quarter in the previous year.

This partnership comes at the back of a pilot program launched by the Reserve Bank of India

IDFC First Bank has partnered with ToneTag, a global proximity and voice tech solution provider to enable acceptance of Digital Rupee at Merchant outlets. This partnership comes at the back of a pilot program launched by the Reserve Bank of India (RBI). RBI recently announced the launch of Central Bank Digital Currency (CBDC) for retail users.

This initiative is in the first phase of its implementation with 4 banks including IDFC FIRST Bank. Through this initiative, the currency is issued in the same denominations and distributed through financial intermediaries and the users will be able to transact through a digital wallet offered by the participating banks. The digital rupee offers features of physical cash like trust, safety and settlement finality. Like cash, the CBDC will not earn any interest and can be converted to other forms of money, like deposits with banks.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

This project will help Kochi Metro users to pay digitally using their Bank’s CBDC Wallets and avoid cash transactions

IDFC FIRST Bank and Anantham Online have partnered to enable acceptance of Digital Rupee at Kochi Metro’s parking locations. This partnership comes at the back of the recently launched CBDC (Central Bank Digital Currency), a pilot program launched by the RBI (Reserve Bank of India) for retail users.

This project will help Kochi Metro users to pay digitally using their Bank’s CBDC Wallets and avoid cash transactions. Currently CBDC is in the first phase of its implementation with 4 banks including IDFC FIRST Bank. Digital Rupee acts just like cash transactions to instill safety and trust.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

The Bank has entered into three-year partnership with Mumbai Indians

IDFC First Bank has entered into three-year partnership with Mumbai Indians. Beginning this season, IDFC FIRST Bank will be the Official Banking Partner and marks IDFC First Bank's debut in cricket partnerships. IDFC First Bank is the first universal bank in India to introduce services such as Monthly Interest Credits on Savings Account, Zero charges on all Savings Account Services and customer-friendly features like lifetime free Credit Cards with never expiring reward points, etc. Similarly, Mumbai Indians is one of the best cricket franchises across the globe with 7 titles to their credit.

The partnership between IDFC First Bank and Mumbai Indians brings together two strong brands with a shared commitment to values, ethical practices, social responsibility and digital innovation. Together, IDFC First Bank and Mumbai Indians can leverage their strengths and expertise to create unique experiences for their customers and fans. The partnership also aims to promote social initiatives and drive positive change.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.