Idfc First Bank Limited
IDFC Bank Limited was set up after IDFC Limited received a banking licence from the RBI in 2014. IDFC Limited's infrastructure assets and liabilities were demerged into IDFC Bank Limited. Apart from the Government of India (GoI), the leading sharehol...
Key Metrics
EPS
4.16
Current ratio
0.06
Debt/Equity
7.79
Debt/EBITDA
56.04
Interest coverage ratio
-
Operating Cashflow to total debt
0.05
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong capitalisation profile
Healthy growth in deposits; share of granular retail deposits remains high
Earnings profile continues to improve
Continuing granularisation of loan book
Liquidity position: Strong
Cons
Impact of material weakening of macroeconomic factors a monitorable
Cost of funds remains higher than private sector average
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About Idfc First Bank Limited bond.
This comprehensive profile covers key factual information about Idfc First Bank Limited. IDFC Bank Limited was set up after IDFC Limited received a banking licence from the RBI in 2014. IDFC Limited's infrastructure assets and liabilities were demerged into IDFC Bank Limited. Apart from the Government of India (GoI), the leading shareholders of IDFC Limited included foreign financial institutions involved in infrastructure development worldwide. IDFC Limited was classified as an infrastructure finance company by the RBI in June 2010. It was granted in-principle approval by the RBI in April 2014 for undertaking banking business in India. IDFC Bank Limited started operations on October 1, 2015 after receiving the final licence from the RBI in July 2015. Capital FIRST Limited, a non-deposit taking, systemically important, non-banking financial company (NBFC-ND-SI) registered with the RBI, was founded in 2012 by Mr. Vaidyanathan through a management buyout of an existing listed NBFC. The company specialised in providing finance to Indian consumers in the form of home loans and other consumption loans and to small businesses for working capital, business expansion, plant and machinery purchase, office automation and other such purposes. Following the receipt of approval from the National Company Law Tribunal (NCLT) for the merger of Capital FIRST Limited and its two subsidiaries with IDFC Bank Limited, which became effective on December 18, 2018, the merged entity was named IDFC FIRST Bank Limited. EPS in Mar-2024 was 4.16. Current ratio in Mar-2024 was 0.06. Debt/Equity in Mar-2024 was 7.79. Debt/EBITDA in Mar-2024 was 56.04. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.05. Total revenue for Mar-2025(E) was ₹43,837.71. Net income for Mar-2025(E) stood at ₹4,715.05. Total assets as of Mar-2024 were ₹296,390.46. Operating cash flow for Mar-2024 was ₹11,542.89. Peers and comparison entities consist of Idfc First Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong capitalisation profile; Healthy growth in deposits; share of granular retail deposits remains high; Earnings profile continues to improve ; Continuing granularisation of loan book ; Liquidity position: Strong . Key risks include: Impact of material weakening of macroeconomic factors a monitorable ; Cost of funds remains higher than private sector average. Leadership team details include V. Vaidyanathan ( Managing Director and CEO), Sanjeeb Chaudhuri (Part-time non-executive chairperson and independent director), Pradeep Natarajan (Executive director), Aashish Kamat (Independent director), Brinda Jagirdar (Independent director), Matangi Gowrishankar (Independent director), Pravir Vohra (Independent director), S Ganesh Kumar (Independent director), Dr. Jaimini Bhagwati (Non-executive non-independent director), Satish Gaikwad (Head - Legal & Company Secretary), Sudhanshu Jain (CFO & Head), Sudhir Kapadia (Independent director), Uday Shirish Bhansali (Independent director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.