The bank operates across retail, wholesale, and treasury segments, focusing on building a robust retail franchise while continuing to serve corporate and infrastructure clients. A key strategy is leveraging digital banking and technology-driven solutions.
IDFC First Bank benefits from the combined strengths of IDFC’s infrastructure financing expertise and Capital First’s retail presence. This diversified portfolio presents opportunities for growth. However, the bank faces challenges common to the sector, including intense competition, managing non-performing assets, and navigating regulatory changes. Consistent profitability remains a key focus area.
Latest News on IDFC First Bank
Widespread disruption: India’s UPI transaction system crashes, leaving users unable to access multiple apps and services nationwide | Top News Stories
A major outage affected several UPI (Unified Payments Interface) apps on Saturday, preventing users from sending and receiving money. According to data from Downdetector, a website that tracks app outages, over 2,300 reports of UPI issues were submitted around 1 PM. Google Pay, Paytm, and various banks were among the apps affected. The outage caused significant inconvenience to users across India, marking the third major UPI outage in the past 30 days.
The most affected banks included State Bank of India (SBI), HDFC Bank, Axis Bank, Bank of India, Indian Bank, ICICI Bank, Kotak Mahindra Bank, Bank of Baroda, Federal Bank of India, IDBI Bank, Yes Bank, IndusInd Bank, and IDFC Bank. Many users reported issues with mobile banking, online banking, fund transfers, and bill payments.
While the outage was widespread, no single issue dominated the reports. Some users reported payment failures, while others experienced problems with transactions, mobile banking, and online banking. The exact cause of the outage is not clear, but it highlights the importance of reliable payment systems and the need for banks and fintech companies to prioritize user experience.
The recent outage serves as a reminder that technology can fail, and it is essential to have backup plans and redundancy measures in place to minimize the impact of outages. In the meantime, affected users are advised to monitor the situation and wait for further updates from their banks and fintech companies.
HDFC Bank, ICICI Bank, Yes Bank, and IDFC First Bank Earnings: Check 2025 Q4 Results Announcement Dates at Goodreturns
Fourth Quarter Results Update for Top Indian Banks
The fourth quarter of the year is a crucial period for banks as they announce their earnings results. Here’s an update on key Indian banks that are set to release their quarterly results:
HDFC Bank:
- Fourth Quarter Results Date: Date not specified
- Previous Year’s Result: HDFC Bank had reported a net profit of ₹9,168 crores in the fourth quarter of the previous year
ICICI Bank:
- Fourth Quarter Results Date: Date not specified
- Previous Year’s Result: ICICI Bank reported a net profit of ₹5,213 crores in the fourth quarter of the previous year
Yes Bank:
- Fourth Quarter Results Date: Date not specified
- Previous Year’s Result: Yes Bank reported a net loss of ₹1,026 crores in the fourth quarter of the previous year
IDFC First Bank:
- Fourth Quarter Results Date: Date not specified
- Previous Year’s Result: IDFC First Bank reported a net profit of ₹382 crores in the fourth quarter of the previous year
The announced date of their earnings is not yet available, but the above information indicates expected results.
IDFC FIRST Bank’s Pivotal Role in Facilitating India’s Sustainable ShiftLet me know if you’d like me to make any changes!
IDFC FIRST Bank has introduced a unique approach to lending that prioritizes environmental sustainability and social responsibility. The bank provides loans for projects that meet specific environmental certifications, such as certified green buildings, sustainable real estate developments, and public infrastructure projects. This approach not only supports environmentally friendly initiatives but also contributes to social development by improving the quality of life for individuals and communities.
One notable example of this focus on responsible lending is the bank’s inclusion of WASH (water, sanitation and hygiene) financing in its lending portfolio. WASH projects involve the construction of toilets, water supply systems, and waste management facilities, which have a significant impact on public health and hygiene. By lending over Rs 1,000 crore towards these projects, IDFC FIRST Bank has directly benefited over 1.4 million individuals. These WASH projects not only address social and public health needs but also align with environmental sustainability goals by improving water quality and sanitation.
The bank’s approach to responsible lending is critical in addressing some of the world’s most pressing challenges, including climate change, poverty, and inequality. By providing loans for projects that prioritize environmental sustainability and social responsibility, IDFC FIRST Bank is supporting a more equitable and sustainable future. The bank’s WASH projects, in particular, are a great example of how lending can be used to drive positive change and improve the lives of individuals and communities.
Overall, IDFC FIRST Bank’s focus on environmental sustainability and social responsibility sets it apart from other lenders and demonstrates the bank’s commitment to making a positive impact on the world. By incorporating WASH financing and other responsible lending initiatives, the bank is creating a model for sustainable and socially responsible lending that can be replicated by other financial institutions.
Stock Market Updates of IDFC First Bank
Recent Updates
Financial institutions show remarkable growth in fourth-quarter lending and deposits, according to latest banking and finance reports.
The four Indian banks, HDFC Bank, Bank of Baroda, Bank of India, and IDFC First Bank, have reported robust growth in advances and deposits for the fourth quarter of 2024-25. According to their provisional business updates, HDFC Bank’s deposits grew 14.1% year-on-year to ₹27.15 lakh crore, while its gross advances rose 5.4% YoY to ₹26.43 lakh crore. The bank’s CASA deposits, which are current and savings accounts, achieved a growth of around 3.9% over the year-ago period.
Bank of Baroda’s domestic deposits increased by 9.28% to Rs 12.42 lakh crore, while domestic advances gained 13.7% to Rs 10.21 lakh crore. The lender’s global business grew 11.44% in the quarter under review to Rs 27.03 lakh crore.
Bank of India reported a growth in domestic deposits to Rs 7 lakh crore, from Rs 6.8 lakh crore in the previous quarter. Global deposits also rose to Rs 8.2 lakh crore, compared with Rs 7.9 lakh crore in the previous quarter. The bank’s global business grew to Rs 14.8 lakh crore, from Rs 14.5 lakh crore in the December quarter. Its global gross advances increased to Rs 6.7 lakh crore, up from Rs 6.5 lakh crore in the previous quarter.
IDFC First Bank’s loans and advances witnessed a significant increase of 20.3% to Rs 2.41 lakh crore. Deposits also grew 25.2% to Rs 2.42 lakh crore. The strong growth in advances and deposits indicates a positive trajectory for these banks in the coming years.
SBI, Axis Bank, and IDFC Bank unveil revised benefits for their most popular credit cards, effective from April 1, 2025, as part of new sector-wide regulations
As of April 1, 2025, new credit card rules will come into effect in India, affecting account holders at major banks such as State Bank of India (SBI), Axis Bank, and IDFC First Bank. These changes will impact credit card benefits, reward systems, and policies, and it is essential for cardholders to be aware of these changes to maximize their benefits and avoid penalties.
The SBI Card reward points program is undergoing significant changes, with SimplyCLICK SBI cardholders no longer earning 10X reward points on Swiggy transactions, but instead receiving 5X. However, other partner brands, such as Myntra, BookMyShow, and Apollo 24, will still offer 10X reward points.
The Air India SBI Platinum Credit Card and Air India SBI Signature Credit Card will also see changes, with the rewards points per Rs 100 spent on Air India ticket reservations decreasing from 15 and 30, respectively, to 5 and 10.
Axis Bank is updating its Vistara Credit Card, waiving annual charges for cardmembers who renew their cards on or after April 18, 2025. However, complimentary memberships in Maharaja Club tiers are being discontinued, eliminating certain high-value inclusions.
IDFC First Bank is eliminating milestone rewards for its Club Vistara Credit Card, and cardholders will no longer be able to earn Maharaja Points. The card will be phased out, and free Club Vistara Silver Membership and travel benefits, such as Premium Economy Ticket vouchers and class upgrade vouchers, will no longer be available. Cardholders who renew their cards after March 31, 2025, will have their annual fee waived for one year, but primary travel benefits will be deleted.
It is crucial for credit card users to familiarize themselves with these changes to ensure they continue to receive maximum benefits and avoid any unexpected penalties during the upcoming financial year.
Important update for account holders of SBI, IDFC, and Axis Bank: a significant change is coming into effect on April 1, 2023.
Starting in April 2025, several major banks in India may undergo changes to their credit card reward points, affecting cardholders. Reports suggest that SBI Bank, IDFC First Bank, and Axis Bank are likely to make changes, although these have not been officially confirmed. Specifically, SBI Bank’s reward points system may be revised, with potential reductions in points for certain purchases. For example, the Air India Platinum Credit Card’s 15 points per 100 rupees spent may be reduced to 5 points. Similarly, the Signature Credit Card’s 30-point earning rate may be lowered to 10 points.
IDFC First Bank’s Club Vistara Credit Card, which provides Maharaja Points, may be discontinued after March 31, 2025. Axis Bank’s Vistara credit card may also undergo changes, with no annual fee for card renewal starting April 18, 2025, and discontinuation of the Maharaja Club membership.
Using a credit card offers various advantages, including deductions of spent amounts from one’s account the following month, a spending limit specific to each card, and perks such as reward points and cashback offers. Credit card usage can also help boost one’s CIBIL score and provide quick payment options in emergencies. The changes announced, if confirmed, may impact cardholders’ earning potential and overall banking experience.
As of April, SBI, IDFC, and Axis Bank will be scaling back certain credit card benefits, a move that may impact cardholders’ rewards and privileges.
IDFC First Bank has made an announcement that is likely to affect its Credit Card holders. The bank will discontinue the milestone benefits associated with its Club Vistara Credit Card on March 31, 2025. This means that cardholders will no longer be able to earn certain rewards and benefits from that date onwards.
Although customers will still be able to earn Maharaja Points until March 31, 2026, the card will eventually be phased out. This change also has implications for the Club Vistara Silver Membership, which will no longer be available.
As a result of this change,cardholders will also lose access to certain complimentary vouchers, including Premium Economy Ticket and class upgrade vouchers. These benefits were previously available to cardholders, and their discontinuation is likely to disappoint many cardholders.
IDFC First Bank has not provided reasons for this change, but it is not uncommon for banks to discontinue certain benefits or products to simplify their offerings and focus on more popular or profitable ones. For cardholders, this change may mean that they need to explore alternative credit cards or rewards programs to get the benefits they are currently enjoying.
It is essential for cardholders to review their credit card agreements and understand the terms and conditions, including any potential changes to benefits and rewards. They should also consider alternative options that can provide similar benefits to stay on top of their financial rewards and benefits.
As the lucrative bank IPO market of the past decade saw IDFC First, Bandhan, RBL, Ujjivan, and Suryoday venture forth, the quest for the next HDFC Bank giant proves to be a reverse, with none managing to replicate its spectacular success.
The article highlights the struggles of banking stocks, particularly private banks that listed in the last decade. Despite being seen as having growth potential, many of these banks have underperformed the market, leading to significant losses for investors who tried to identify the “next HDFC Bank”. Out of 13 private bank IPOs in the last decade, only 2 have posted positive returns since their IPO, and none have beaten the index. Even larger banks, such as Federal Bank, have only managed to keep pace with the Nifty Bank index, with a CAGR of 10%.
The article suggests that “fortune favors scale”, implying that larger banks are more likely to perform well over the long-term. This is reflected in the Nifty Bank index, where the top 5 constituents (HDFC Bank, SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank) account for 86.5% of the combined market capitalization of all Nifty Bank constituents, up from 17.5% in 2015.
The article concludes that investors would be better off buying the index rather than trying to pick individual stocks in the banking sector. This is a decade-long lesson learned, with many investors having lost money trying to identify the next high-performing bank. As legendary investor John Bogle once said, “Don’t look for a needle in the haystack. Just buy the haystack.” This piece of advice may be particularly relevant for long-term investors who are not sure how to pick stocks in the banking sector.
Attention Vistara Credit Cardholders: Key partners SBI, Axis, and IDFC First to revise benefits starting April 2025 – Goodreturns
Vistara Credit Cardholders Alert: SBI, Axis, IDFC First To Modify Benefits From April 2025
Several prominent banks, including State Bank of India (SBI), Axis Bank, and IDFC First Bank, have informed their Vistara Credit Cardholders that certain benefits will be modified from April 2025. This move is likely to affect thousands of cardholders across the country.
As part of the modification, the respective banks will be introducing new features and reforms to their reward points, and other benefits associated with the Vistara Credit Card. Some of the changes include:
- Reward Points: The banks will merge the existing reward points with a new point-based system, which will be applicable on transactions made after April 2025. The new system is expected to provide more flexibility and options for redemption.
- Cardholders’ Tier-wise Benefits: The banks will no longer offer separate tier-wise benefits. Instead, they will offer a single-tier redemption system, which will apply to all cardholders.
- Fuel Surcharge Waiver: The current fuel surcharge waiver of 1% is set to expire, and cardholders will need to pay the full charge on transactions made at petrol pumps.
- Domestic and International Airport Lounge Access: The existing lounge access will be discontinued, and cardholders will only be able to access selected lounges with a fee.
- Return of Interest: The interest rates on interest-free periods for credit card transactions will be revised, and cardholders will be charged interest rates accordingly.
To ensure a smooth transition, the banks have requested cardholders to:
- Continue using their existing Vistara Credit Card until the modification takes effect in April 2025.
- Update their contact details with the respective banks to receive notifications regarding the changes.
- Review and understand the new benefits and terms and conditions associated with their Vistara Credit Card.
It is crucial for Vistara Credit Cardholders to be aware of these changes and their impact to make informed decisions regarding their credit card usage. With these modifications, cardholders can adapt to the new system and maximize the benefits from their credit cards.
SBI Card is set to dramatically reduce reward points on select credit cards, starting soon.
SBI Card is making changes to its reward program, which will affect some of its credit cardholders. From March 31, 2025, to April 1, 2025, certain transactions will earn fewer reward points. Specifically, the SimplyCLICK SBI Card and Air India SBI Credit Cards will be impacted.
The SimplyCLICK SBI Card will earn 5X reward points on Swiggy, a 50% reduction from the current 10X reward points. However, the 10X reward benefit will remain for other partner brands. The Air India SBI Credit Cards will also see significant reductions in reward points on Air India ticket bookings. The Air India SBI Platinum Card will earn 5% reward points per ₹100 spent, down from 15%, while the Air India SBI Signature Card will earn 10% reward points per ₹100 spent, down from 30%.
These changes will result in fewer rewards for frequent flyers and online shoppers. Additionally, IDFC First Bank is making changes to its Club Vistara co-branded credit card, discontinueing milestone benefits from March 31, 2025. However, cardholders can still earn Maharaja Points until March 31, 2026. The card will be fully phased out by this time. Club Vistara Silver Membership will no longer be available, and complimentary vouchers including one Premium Economy Ticket and one one-class upgrade voucher will be discontinued. Cardholders renewing their cards after March 31, 2025, will have their annual fee waived for one year.
Overall, these changes are likely to affect cardholders who frequently use these services, particularly Air India and Swiggy. Cardholders are advised to review the changes and adjust their spending habits accordingly to maximize their reward earnings.