# IDFC First Bank

> Source: https://docs.barcoder.ai/docs/wallets/idfc-first-bank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [IDFC First Bank — official](https://www.idfcfirstbank.com/)

## Overview

**IDFC First Bank** is **an Indian private sector bank post-Oct 1 2024 IDFC Limited + IDFC First Bank reverse merger** + **post-2018 IDFC Bank + Capital First merger** <sup>[1][1], [2][2], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>. **2025 baseline**: IDFC First Bank trusted by 1.2M+ Indians; **Mar 20 2025 IDFC First Bank launched ACE Feature on its premium Mobile Banking App** (provides investors insights + analytics to make informed mutual fund investment decisions; ACE Feature covers 2,500+ mutual funds across Equity + Debt + Tax-Saving + Hybrid + Index funds).

**Distinctive IDFC First Bank positioning** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **Indian private sector bank post-Oct 1 2024 IDFC Limited + IDFC First Bank reverse merger** (IDFC First Bank took over parent IDFC Limited)
- **Post-2018 IDFC Bank + Capital First merger** — distinctive Indian banking + NBFC consolidation (V Vaidyanathan; Capital First founder; became IDFC First Bank CEO)
- **2015 IDFC Bank founding from IDFC Limited's infrastructure financing business** — distinctive Indian banking heritage
- **1.2M+ Indians trusted** Mar 2025 baseline
- **Mar 20 2025 IDFC First Bank launched ACE Feature on its premium Mobile Banking App** (provides investors insights + analytics to make informed mutual fund investment decisions; ACE Feature covers 2,500+ mutual funds across Equity + Debt + Tax-Saving + Hybrid + Index funds)
- **Dec 27 2023 RBI approves IDFC Limited + IDFC Financial Holding Company Limited + IDFC First Bank reverse amalgamation**
- **V Vaidyanathan IDFC First Bank CEO** (formerly Capital First founder; merged Capital First into IDFC Bank → IDFC First Bank)

## History

**Jul 2015 — IDFC Bank founded from IDFC Limited's infrastructure financing business** → distinctive Indian banking heritage.

**Oct 1 2015 — IDFC Bank starts operations** post-RBI new bank license.

**Dec 2018 — IDFC Bank + Capital First merger** → **IDFC First Bank** (V Vaidyanathan; Capital First founder; became IDFC First Bank CEO) → distinctive Indian banking + NBFC consolidation.

**Dec 27 2023 — RBI approves IDFC Limited + IDFC Financial Holding Company Limited + IDFC First Bank reverse amalgamation** (RBI No Objection Certificate) <sup>[1][1]</sup>.

**May 17 2024 — NCLT convenes meeting to consider + approve composite amalgamation scheme of IDFC First Bank** <sup>[1][1]</sup>.

**Oct 1 2024 — IDFC First Bank reverse merger effective** (IDFC First Bank took over parent IDFC Limited) <sup>[2][2], [3][3]</sup>.

**Mar 20 2025 — IDFC First Bank launches ACE Feature on its premium Mobile Banking App** (provides investors insights + analytics to make informed mutual fund investment decisions; ACE Feature covers 2,500+ mutual funds across Equity + Debt + Tax-Saving + Hybrid + Index funds) <sup>[4][4]</sup>.

## Ownership & operator

**Operating entity**: **IDFC First Bank Limited** (NSE: IDFCFIRSTB; BSE: 539437).

**Major shareholders**: **Warburg Pincus + ChrysCapital (Capital First founding investors; post-2018 merger remaining) + Vanguard + BlackRock + foreign + Indian institutional + Indian retail public float**.

**Regulator**: **RBI (Reserve Bank of India)**.

## Technical integration

IDFC First Bank mobile banking app (iOS + Android; **Mar 20 2025 ACE Feature mutual fund insights for 2,500+ funds across Equity + Debt + Tax-Saving + Hybrid + Index funds**) + idfcfirstbank.com online + IDFC First Bank cards (Visa + Mastercard + RuPay) + IDFC First Bank Indian branch network; UPI + Bharat QR + IMPS + NEFT + RTGS; IDFC First Bank Wealth Management + IDFC First Bank MSME banking + IDFC First Bank corporate banking + IDFC First Bank consumer finance (Capital First heritage).

## Users & growth

**2025**: IDFC First Bank trusted by 1.2M+ Indians; **Mar 20 2025 ACE Feature launch on premium Mobile Banking App** (2,500+ mutual funds insights across Equity + Debt + Tax-Saving + Hybrid + Index funds).

## Use cases

Indian retail + private + corporate + MSME + investment + insurance + consumer finance banking via IDFC First Bank mobile + idfcfirstbank.com online + cards + branches; UPI + Bharat QR + IMPS + NEFT + RTGS; **Mar 20 2025 ACE Feature mutual fund insights for 2,500+ funds across Equity + Debt + Tax-Saving + Hybrid + Index funds** distinctive Indian mutual fund investing innovation on premium Mobile Banking App.

## Implementations & partners

**Operator**: IDFC First Bank Limited (NSE: IDFCFIRSTB; BSE: 539437); Warburg Pincus + ChrysCapital + Vanguard + BlackRock + foreign + Indian institutional + Indian retail public float.

**Subsidiaries**: **IDFC First Bharat Limited** (IDFC First Bank Indian microfinance subsidiary; Capital First Indian consumer finance heritage).

**Major Indian banking competitors**: [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (India #1 private; 2023 HDFC Limited reverse merger) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (India #2 private; iMobile Pay) + [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (India #3 private; 14M Axis Mobile MAU; 2025 Citibank India retail migration completion) + [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (India #4 private; Kotak811 = 3rd most-downloaded banking app worldwide H1 2025) + [IndusInd Bank / INDIE](https://docs.barcoder.ai/docs/wallets/indusind-bank) (one of India's leading private sector banks; 41M Indian customers; INDIE distinctive Indian banking digital transformation; Hinduja family-controlled) + [Yes Bank](https://docs.barcoder.ai/docs/wallets/yes-bank) (Sep 2025 SBI 13.18% stake sale to SMBC; SMBC 24.9% largest shareholder; survived Mar 2020 RBI moratorium + reconstruction) + [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (India #1 by assets state-controlled; YONO 70M+ MAU) + [Bandhan Bank / mBandhan](https://docs.barcoder.ai/docs/wallets/bandhan-bank) (Indian microfinance-to-bank conversion heritage; 10M+ Indian customers).

**Regulator**: RBI.

## Fun facts

- **Indian private sector bank post-Oct 1 2024 IDFC Limited + IDFC First Bank reverse merger** (IDFC First Bank took over parent IDFC Limited).
- **Post-2018 IDFC Bank + Capital First merger** — distinctive Indian banking + NBFC consolidation (V Vaidyanathan; Capital First founder; became IDFC First Bank CEO).
- **2015 IDFC Bank founding from IDFC Limited's infrastructure financing business** — distinctive Indian banking heritage.
- **1.2M+ Indians trusted** Mar 2025 baseline.
- **Mar 20 2025 IDFC First Bank launched ACE Feature on its premium Mobile Banking App** (provides investors insights + analytics to make informed mutual fund investment decisions; ACE Feature covers 2,500+ mutual funds across Equity + Debt + Tax-Saving + Hybrid + Index funds).
- **Dec 27 2023 RBI approves IDFC Limited + IDFC Financial Holding Company Limited + IDFC First Bank reverse amalgamation** (RBI No Objection Certificate).
- **V Vaidyanathan IDFC First Bank CEO** (formerly Capital First founder; merged Capital First into IDFC Bank → IDFC First Bank).

## Comparison

| Feature | IDFC First Bank | [IndusInd Bank / INDIE](https://docs.barcoder.ai/docs/wallets/indusind-bank) (one of India's leading private sector banks rival; 41M customers; INDIE distinctive digital transformation; Hinduja family) | [Yes Bank](https://docs.barcoder.ai/docs/wallets/yes-bank) (Sep 2025 SBI 13.18% stake sale to SMBC; SMBC 24.9% largest shareholder rival) | [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (India #3 private + 14M Axis Mobile MAU rival) | [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (India #4 private + Kotak811 + SMBC strategic rival) |
|---|---|---|---|---|---|
| Operator | **IDFC First Bank Limited (NSE: IDFCFIRSTB; BSE: 539437)** | IndusInd Bank Limited (NSE: INDUSINDBK; BSE: 532187) | Yes Bank Limited (NSE: YESBANK; BSE: 532648) | Axis Bank Limited (NSE: AXISBANK) | Kotak Mahindra Bank Limited (NSE: KOTAKBANK) |
| Type | **Indian private sector bank post-Oct 1 2024 IDFC Limited + IDFC First Bank reverse merger + post-2018 IDFC Bank + Capital First merger + V Vaidyanathan CEO + Mar 20 2025 ACE Feature mutual fund insights for 2,500+ funds + 1.2M+ Indians trusted** | One of India's leading private sector banks + 41M Indian customers + 3,081 Indian branches/banking outlets + INDIE distinctive Indian banking digital transformation + Hinduja family-controlled | Indian private sector bank + 1,192 branches + survived Mar 2020 RBI moratorium + reconstruction + Sep 2025 SBI 13.18% stake sale to SMBC + SMBC 24.9% largest shareholder + SMBC ₹160bn (~$1.83bn) additional capital injection pledge | India #3 private + 5,876 branches + Axis Mobile 14M MAU + 2025 Citibank India retail migration completion | India #4 private + Kotak811 = 3rd most-downloaded banking app worldwide H1 2025 + SMBC strategic investment |
| Country | IN | IN | IN | IN + 6+ countries | IN + 5+ countries |
| Distinctive | **Jul 2015 IDFC Bank founding from IDFC Limited's infrastructure financing business; Oct 1 2015 operations start (RBI new bank license); Dec 2018 IDFC Bank + Capital First merger (V Vaidyanathan Capital First founder → IDFC First Bank CEO); Dec 27 2023 RBI approves IDFC Limited + IDFC First Bank reverse amalgamation; May 17 2024 NCLT amalgamation scheme; Oct 1 2024 IDFC First Bank reverse merger effective; Mar 20 2025 ACE Feature launch (2,500+ mutual funds insights)** | Apr 1994 IndusInd Bank founding by Indian community NRIs led by Srichand P. Hinduja in Mumbai; 2022 INDIE app launch; 2025 INDIE for Business launch | Nov 2003 Yes Bank founding by Rana Kapoor + Ashok Kapur in Mumbai; Mar 5 2020 RBI moratorium + Mar 13 2020 SBI-led consortium reconstruction; Sep 2025 SBI 13.18% stake sale to SMBC for ₹8,889 crore | 1993 UTI Bank founding + 2007 Axis Bank renaming; 2022 Citibank India retail business USD 1.6B acquisition | 1985 Kotak Mahindra Finance Limited founding by Uday Kotak; 2003 RBI bank licensing |

## Status

**Active, Indian private sector bank post-Oct 1 2024 IDFC Limited + IDFC First Bank reverse merger** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **IDFC First Bank Limited (NSE: IDFCFIRSTB; BSE: 539437)** since Jul 2015 IDFC Bank founding from IDFC Limited's infrastructure financing business + Oct 1 2015 operations start + Dec 2018 IDFC Bank + Capital First merger + Oct 1 2024 IDFC First Bank reverse merger effective.
- **V Vaidyanathan IDFC First Bank CEO** (formerly Capital First founder; merged Capital First into IDFC Bank → IDFC First Bank).
- **1.2M+ Indians trusted (Mar 2025 baseline) + Mar 20 2025 ACE Feature launch on premium Mobile Banking App** (2,500+ mutual funds insights).
- **RBI regulated**.

## Sources

[1]: https://www.business-standard.com/companies/news/reserve-bank-of-india-gives-nod-to-reverse-merger-of-idfc-idfc-first-bank-123122700661_1.html "Reserve Bank of India gives nod to reverse merger of IDFC-IDFC First Bank — Business Standard"
[2]: https://en.wikipedia.org/wiki/IDFC_First_Bank "IDFC First Bank — Wikipedia"
[3]: https://www.idfcfirst.bank.in/investors/idfc-limited-merger "IDFC Limited and IDFC FIRST Bank Merger — IDFC FIRST Bank"
[4]: https://www.idfcfirst.bank.in/investors/merger "IDFC Bank and Capital First Merger — IDFC FIRST Bank"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [Reserve Bank of India gives nod to reverse merger of IDFC-IDFC First Bank — Business Standard][1]
- [2] [IDFC First Bank — Wikipedia][2]
- [3] [IDFC Limited and IDFC FIRST Bank Merger — IDFC FIRST Bank][3]
- [4] [IDFC Bank and Capital First Merger — IDFC FIRST Bank][4]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [idfc-first-bank.md](https://docs.barcoder.ai/source/wallets/idfc-first-bank). See `matrix.md` for standards-support matrix if present.