Capital First

Name

Capital First

Legal name

IDFC FIRST Bank Ltd.

Website

https://idfcfirstbank.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

Commercial Banks, Nec (6029), National Commercial Banks (6021)

akta.pro industry

PRIMARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABABAC

SME Deposits & Business Accounts (Operating, Savings, CDs)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSAKABAK

Virtual / Digital-First Credit Cards

Financial & Insurance/Lending & Consumer Finance/Credit Cards & Revolving Credit

Keywords

• Retail banking services
• Consumer lending
• Corporate banking
• Digital banking
• Wealth management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income - Retail Loans: Interest earned from personal loans, home loans, car loans, education loans, gold loans, and other retail lending products. Personal loans start at 9.99% p.a., home loans up to ₹10 crore, car loans with 10-year tenure
2. Interest Income - Corporate Loans: Interest from corporate lending, working capital loans, MSME loans, and wholesale banking facilities
3. Credit Card Income: Interchange fees, merchant discount rates, annual fees on premium cards, balance transfer fees, and interest on revolving credit (dynamic APR 8.5%-46.2%)
4. Fee Income - Banking Services: Account maintenance fees, transaction charges (NEFT, RTGS, IMPS), ATM withdrawal fees, forex conversion margins, and service charges
5. Deposit Spread Income: Spread income from savings deposits (up to 6.50% p.a.) and fixed deposits (up to 7.35% p.a.) versus lending rates
6. Wealth Management & Investments: Distribution commissions from mutual funds, insurance products (term, health, life), sovereign gold bonds, demat account services, and portfolio management services
7. NRI Banking Services: NRE/NRO account services, FCNR deposits, wire transfer fees, and forex services for non-resident Indians

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels9 records

Core offering

IDFC FIRST Bank is a universal Indian bank providing retail and wholesale banking products including deposit accounts (savings, current, fixed, recurring, NRE/NRO/FCNR), retail and corporate loans (personal, home, auto, education, gold, business, working capital, corporate lending), a full credit card suite (lifetime-free, metal, travel, co-branded, business), wealth and investment products (mutual funds, bonds, PMS, demat), insurance distribution, digital payment services (UPI, FASTag, POS, payment gateway, CBDC), and NRI/GIFT City international banking — delivered through 1,147 branches and a digital-first mobile and WhatsApp banking platform.

Product overview

IDFC FIRST Bank is a full-service Indian universal bank offering a comprehensive digital-first banking platform with retail, corporate, SME, and NRI banking products. The product portfolio spans deposit products (savings, current, fixed deposits, recurring deposits), credit products (personal loans, home loans, auto loans, business loans, education loans, gold loans), a full suite of credit cards including lifetime-free cards, metal cards, travel cards, co-branded cards, and business cards, investment products (mutual funds, bonds, gold bonds, demat accounts, PMS), insurance (term, health, motor, home, travel, ULIP, annuity), payment solutions (UPI, FASTag, POS, payment gateway, bulk payments), wealth management (FIRST Select, FIRST Wealth, FIRST Private), and startup/corporate banking services (GIFT City, trade finance, treasury). The bank also operates a digital rupee (CBDC) app, voice-based UPI for feature phones, and WhatsApp banking. Its flagship programmes include the 12-month Emerging Bankers Program and the FIRST LEAP Program. The bank was formed from the merger of IDFC Bank and Capital First in December 2018.

Differentiator

Problem solved

Functional benefit

Brands

• FIRST Select: Privilege banking program offering premium banking services
• FIRST Wealth
• FIRST Private
• FIRST Money
• FIRST WOW!
• FIRST Academy
• FIRSTWINGS
• FIRST Symphony
• FIRST Pulse
• FIRST LEAP
• Emerging Bankers Program
• TechNEXT
• FinFIRST

Products and services

• Savings Account
• Fixed Deposit
• Current Account
• Personal Loan
• Home Loan
• Business Loan
• Credit Card
• Education Loan
• Car Loan
• Gold Loan
• Loan Against Property
• Mutual Funds
• Insurance
• FASTag
• UPI Payments
• Point of Sale (POS) and Payment Gateway
• Wealth Management (FIRST Select, FIRST Wealth, FIRST Private)
• Super Account (Wholesale Banking)
• NRI Banking Services
• GIFT City International Banking
• Digital Rupee (CBDC)
• Startup Banking (FIRSTWINGS, FIRST Symphony, Startup Current Account, Startup Lounge)
• Emerging Bankers Program
• FIRST LEAP Program
• Demat and Trading Account
• Mobile Banking App
• Corporate Banking Portal

Quantifiable outcome

• Earn ₹63,248 more per year through monthly interest credits vs quarterly payouts from other banks
• +4 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Manipal Academy of Higher Education (MAHE)coreStrategic or Co-development PartnerPartnership with Manipal Academy of Higher Education for the Emerging Bankers Program - a Post Graduate Diploma in Banking and Customer Relationship (PGDBCR) program. 12-month comprehensive curriculum with classroom training at Manipal's Bengaluru campus and hands-on experience via internships and OJT. On successful completion, trainees join IDFC FIRST Bank in coveted roles.
• Bennett UniversitycoreStrategic or Co-development PartnerPartnership with Bennett University for the FIRST LEAP Program - a specialized certificate program preparing fresh graduates for client-facing roles in banking. Program offers hands-on training with 2 months classroom and 1 month on-the-job training. Successful completers receive Certificate in Banking & Finance by Bennett University and join as Associate Manager - Acquisition.
• TimesPro (An HGS Initiative)coreChannel Partner/ Reseller/ DistributorTimesPro serves as the training and placement partner for the FIRST LEAP Program, handling application screening, online assessments, and program administration. Processes applications and manages the 90-day blended training program for fresh graduates.
• IndiGo AirlinesminorChannel Partner/ Reseller/ DistributorCo-branded IndiGo IDFC FIRST Dual Credit Card partnership allowing cardholders to earn IndiGo BluChips on credit card spends and redeem for IndiGo flights. Card priced at ₹4,999 with dual network benefits.
• LIC (Life Insurance Corporation of India)minorChannel Partner/ Reseller/ DistributorCo-branded LIC IDFC FIRST credit card partnership offering 2% savings on LIC insurance premium payments, lifetime-free card with rewards program for LIC customers.
• HPCL (Hindustan Petroleum Corporation Limited)minorChannel Partner/ Reseller/ DistributorFIRST Power and Power+ credit cards offered in partnership with HPCL providing fuel benefits including up to 175 litres of free fuel per month, UPI-enabled for convenience.
• GIFT City (Gujarashtra International Finance Tec-City)coreStrategic or Co-development PartnerGIFT City operations offering international banking services including trade finance, corporate loans, current accounts, and fixed deposits. FCNR Plus deposits provide USD returns with zero INR exchange rate risk. Global Savings Account for NRIs.
• IDFC FIRST AcademycoreStrategic or Co-development PartnerInternal training academy (https://www.idfcfirstacademy.com) offering courses for employee development and skill building, supporting the bank's commitment to ethical, digital, and social good banking.
• Startup Ecosystem PartnersminorChannel Partner/ Reseller/ DistributorFIRSTWINGS Connect program connecting startups with mentorship, networking, and fundraising opportunities. FIRST Symphony platform for investor connections. Zero-balance startup current accounts for first 3 years.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ICICI Bank: Major Indian private-sector bank with strong retail, MSME, corporate, and digital banking franchises (iMobile Pay). Competes head-to-head with IDFC FIRST Bank in digital-first acquisition, credit cards, personal loans, and wealth management.
• Axis Bank: Large Indian private bank with comprehensive retail, MSME, corporate, and NRI banking. Overlaps IDFC FIRST Bank in credit cards, personal loans, digital onboarding (Open by Axis), and wealth management.
• AU Small Finance Bank: Indian small finance bank with roots in vehicle finance and MSME lending, now expanding into retail deposits, credit cards, and digital banking. Comparable in target segment (MSME, semi-urban) and digital-first growth strategy.
• Bandhan Bank: Indian private bank with microfinance and MSME origins, expanding into retail, housing finance, and digital banking. Comparable in focus on underbanked segments and emerging-market banking similar to IDFC FIRST Bank's MSME and rural outreach.
• Kotak Mahindra Bank: Indian private bank known for its 811 digital franchise, low-cost savings accounts, and aggressive retail and MSME lending. Closely comparable to IDFC FIRST Bank's digital-first, value-pricing playbook (e.g., lifetime-free cards, high savings rates).
• HDFC Bank: India's largest private-sector bank offering retail, MSME, corporate, and NRI banking with a deep digital and branch-led franchise. Directly comparable to IDFC FIRST Bank across virtually every product line — savings, FDs, personal/home/business loans, credit cards, wealth management, and digital-first onboarding.
• IndusInd Bank: Mid-to-large private Indian bank with strong presence in consumer finance, credit cards, and digital banking. Comparable in scale, product mix, and customer segmentation to IDFC FIRST Bank.
• RBL Bank: Indian private-sector bank with strong credit card franchise and growing retail/MSME presence. Directly comparable in co-branded credit card strategy (e.g., IndiGo, LIC-style partnerships) and digital-led acquisition.
• Federal Bank: Indian private bank with strong retail, NRI, and digital banking franchises. Comparable mid-tier scale and emphasis on NRI remittances, personal loans, and digital customer acquisition.

Broad incumbents

• State Bank of India (SBI): India's largest bank by branches and deposits, dominant in MSME, retail, and corporate banking. As a state-owned broad incumbent, it competes across every IDFC FIRST Bank segment but at vastly greater scale and lower funding cost.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital First