IDFC FIRST Bank Merger and Financial Overview
Erstwhile IDFC Bank was an eminent institution respected for its corporate
governance and its contribution to Indian Infrastructure.
IDFC FIRST Bank
History
1997
IDFC incorporated in Chennai on the
recommendation of the Expert
Group on commercialization of
Infrastructure Projects
IDFC raises Rs. 893 crore for India's
2008
2003
first infrastructure dedicated growth
equity fund2.8
IDFC raises Rs. 700 million in a second
growth equity fund and Rs. 930 million in
a new asset-class to recycle equity in
completed infrastructure projects
Acquired AMC business of Standard
Chartered Bank. Setup an office in
Singapore
2011
•
•
IDFC Mutual Fund ranked 10th
in the country by AUM
IDFC completes 15 years.
Recognised as the best NBFC
for Infrastructure Financing.
Set up an office in New York,
USA.
.
2005
IDFC lists on both NSE & BSE. Raises
Rs. 1372 crore of equity capital
IDFC is recognised as a top 5 Lead
Arranger for Project Finance Loans in
Asha by Dealogic
2012
2009
IDFC becomes a signatory to UNPRI, CDP
and the UNGC Global Compact
2006
IDFC raises over Rs. 2000 crore for
its second infrastructure focused
growth equity fund
2013
IDFC becomes the first
signatory to the Equator
Principles
2007
Does a QIP raising Rs. 2100 crore
Acquired SSKL, a leading domestic
investment bank and institutional
equities firm
2010
•
IDFC Investment Bank ranked 2nd in the
equity league tables by Bloomberg. IDFC
ranked among the top 50 companies in
India's S&P ESG Index.
Secured license from RBI
2014
⚫ IDFC launches the National PPP Capacity
Building programme to train over 10,000
government officials
Launch of IDFC Bank
2015
About IDFC Bank
In 2015, IDFC Bank was formed
out of demerger from IDFC Ltd
which was one of the biggest
infrastructure finance company in
India.
The institution diversified into
Asset Management, Institutional
Broking and Investment Banking.
It applied for and acquired a
Commercial Banking License from
RBI
IDFC Bank created a strong
banking framework creating all
the necessary systems, risk
management, infrastructure, IT
architecture and processes for
future growth.
It
created efficient cash
management system and treasury
and for managing trading.
12
IDFC FIRST
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