What is the IDFC full form?
The IDFC full form is the Infrastructure Development Finance Company. IDFC is an Indian financial institution that provides financial and advisory services to investment banking, infrastructure, and asset management organizations. IDFC was established in 1997.
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A basic overview of IDFC
- RBI gave IDFC Limited a preliminary license to create a new private-sector bank in 2014.
- IDFC Limited transferred its infrastructure assets and liabilities to the newly formed IDFC Bank.
- The IDFC Bank was established in November 2015 as a result of the demerger of IDFC Limited’s infrastructure and lending businesses.
- On December 18, 2018, the merger of Erstwhile IDFC Bank and Erstwhile Capital First created IDFC FIRST Bank.
Products from IDFC bank
IDFC FIRST BANK is a global bank that provides financial solutions through its regional branches, the internet, and telephones, and aims to create a new standard for user experience. It employs cutting-edge technology and advocates a service-oriented strategy to offer convenient and accessible banking at all hours and in all places. It offers the following financial products and services in India:
- Savings accounts
- Fixed deposits
- NRI accounts
- Personal loans
- Home loans, etc.
