IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited, it shifted focus from infrastructure financing to retail banking after its 2018 merger with Capital First.[7] In 2024, IDFC First Bank took over the parent company IDFC Limited in a reverse merger.[8]
History
IDFC Limited was set up in 1997 by Government of India to finance infrastructure projects in India.[9] With time, the company diversified into asset management, institutional broking and investment banking.