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.
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Post-Match Press Conference: Shivam Dube Speaks to Media Following India’s Fourth T20I Clash with New Zealand – Cricket World
The IDFC FIRST Bank T20I series between India and New Zealand has been an exciting one, with both teams showcasing their skills and competing fiercely. After the fourth T20I, Indian all-rounder Shivam Dube addressed the media, sharing his thoughts on the game and the series so far.
Dube, who has been a vital part of the Indian team in the series, spoke about the challenges of playing against a strong New Zealand side. He praised the Black Caps for their exceptional batting and bowling performances, which have made the series a closely contested one. Despite the challenges, Dube expressed his confidence in the Indian team’s abilities and their determination to win the series.
When asked about his own performance, Dube acknowledged that he has been working hard to improve his skills and contribute to the team’s success. He spoke about the importance of adapting to different situations and conditions, which has been a key factor in the series. Dube also highlighted the support and guidance he has received from the team’s coaching staff and senior players, which has helped him grow as a player.
The fourth T20I saw a thrilling encounter between the two teams, with India ultimately emerging victorious. Dube played a crucial role in the game, taking key wickets and scoring important runs. He spoke about the excitement and tension of playing in such a high-pressure match, but also emphasized the importance of staying focused and calm under pressure.
Dube also praised his teammates for their outstanding performances, citing the contributions of players like KL Rahul, Virat Kohli, and Ravindra Jadeja. He credited the team’s success to their collective effort and the strong bond between the players. The Indian team’s spirit and camaraderie have been evident throughout the series, and Dube’s comments reflected the team’s commitment to working together towards a common goal.
As the series heads into its final match, Dube expressed his excitement and anticipation for the decider. He acknowledged that the New Zealand team would be hungry for a win, but also emphasized India’s determination to emerge victorious. With the series tied at 2-2, the stage is set for a thrilling finale, and Dube’s comments suggested that the Indian team is ready for the challenge. Overall, Dube’s media address provided valuable insights into the Indian team’s mindset and approach, as they prepare for the final showdown against New Zealand.
Ravi Bishnoi speaks to the press following the third IDFC FIRST Bank T20 International
Ravi Bishnoi, the Indian spinner, spoke to the press after the third IDFC FIRST Bank T20I match between India and New Zealand at the Assam Cricket Association Stadium. The match saw India take an unassailable lead in the series with a comprehensive 8-wicket win. Bishnoi reflected on the team’s performance, discussing the key moments from the series encounter and the conditions they faced during the match.
The Indian team’s victory was a testament to their skill and strategy, and Bishnoi’s comments provided insight into the team’s mindset and approach. He discussed the challenges posed by the New Zealand team and how the Indian players overcame them to secure the win. The spinner also talked about the conditions at the Assam Cricket Association Stadium, which played a significant role in the outcome of the match.
Bishnoi’s assessment of the match highlighted the importance of teamwork and individual performances in achieving success. He praised his teammates for their contributions to the win, acknowledging the role each player had in the team’s victory. The spinner also discussed the key moments from the match, including the turning points that swung the game in India’s favor.
The 8-wicket win marked a significant milestone for the Indian team, giving them an unassailable lead in the series. Bishnoi’s comments suggested that the team was confident and focused, with a clear strategy in place to take on the New Zealand team. The spinner’s reflections on the match provided a unique perspective on the team’s performance, highlighting the strengths and weaknesses of the Indian team.
Overall, Ravi Bishnoi’s press conference offered a detailed analysis of the third IDFC FIRST Bank T20I match between India and New Zealand. His comments provided insight into the team’s performance, the conditions they faced, and the key moments from the series encounter. The Indian team’s comprehensive win marked a significant victory, and Bishnoi’s reflections on the match offered a unique perspective on the team’s success. With the series now firmly in their grasp, the Indian team will look to build on their momentum and secure a convincing series win.
Senior citizens can earn up to 8% interest rate on 5-year fixed deposits; compare the top FD rates offered by public, private, and small finance banks
For senior citizens seeking stable and fixed income, there are still attractive fixed deposit (FD) options available, despite many leading banks and small finance banks slashing their FD interest rates. Currently, a few banks offer FD rates of up to 8% on their five-year senior citizen FDs. The interest rates vary among public and private sector banks, as well as small finance banks, for FDs of the same duration.
Small finance banks offer the highest five-year FD interest rates for senior citizens, with Suryoday Small Finance Bank providing an 8% interest rate, followed by Jana Small Finance Bank at 7.77%, and Ujjivan Small Finance Bank at 7.7%. Other small finance banks, such as Utkarsh Small Finance Bank, Equitas Small Finance Bank, and AU Small Finance Bank, offer interest rates ranging from 7.5% to 7.25%.
Among private sector banks, IDFC Bank, Yes Bank, and SBM Bank India offer a 7.5% interest rate each on their five-year fixed deposits for senior citizens. Other private sector banks, such as DCB Bank, Axis Bank, and RBL Bank, offer interest rates ranging from 7.25% to 7.1%.
Public sector banks also offer competitive interest rates, with State Bank of India providing a 7.05% FD interest rate on its five-year senior citizen FD. Bank of Baroda offers a 6.9% rate, while Bank of India and Canara Bank offer a 6.75% rate each on their five-year FDs for senior citizens.
Overall, senior citizens have a range of options to choose from, with interest rates varying from 8% to 5.5% depending on the bank and the duration of the FD. It is essential for senior citizens to compare the interest rates and terms offered by different banks to make an informed decision that suits their financial needs. By choosing the right FD option, senior citizens can ensure a stable and fixed income, which can help them manage their expenses and maintain their standard of living.
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IDFC First Bank’s Sport Sponsorship Hits a Home Run, Fostering a Strong Alliance for Indian Cricket and More
IDFC First Bank has made a significant impact in the Indian sports scene through its association with various events and initiatives. The bank is currently sponsoring the T20 series between India and New Zealand, with a unique trophy made from recycled materials, including used cricket bats and leather from cricket balls. This partnership, which began in August 2023, has helped showcase the resilience of Indian cricket during the post-Covid era, when there were concerns about the sport’s ability to attract brands.
IDFC First Bank’s commitment to Indian cricket extends beyond the T20 series, as it also supports international and domestic cricket across both white-ball and red-ball formats. The bank’s approach is focused on making a meaningful difference to the sport and the wider ecosystem, rather than seeking short-term gains. This is evident in its investments in participatory sports, such as distance running, including major marathons in cities like Mumbai, Delhi, Kolkata, and Bengaluru. These events promote positive impact and healthy lifestyles, aligning with the bank’s philosophy of building a world-class bank in India founded on ethics, digital innovation, and social good.
The bank’s commitment to social good is also evident in its support for a group of women footballers from the North East, demonstrating that its investment in sport goes beyond the glitz and glamour of high-profile events. IDFC First Bank’s senior management, including Managing Director and CEO V Vaidyanathan and Chief Marketing Officer Shreepad Shende, have shown a genuine commitment to sport and a determination to create impact.
This case study highlights the use of sport as soft power, demonstrating how ethical brands like IDFC First Bank can leverage sport to reach the masses while contributing positively to society. As India prepares to host the 2030 Commonwealth Games and bids for the 2036 Olympics, the country can learn from IDFC First Bank’s approach to sports sponsorship. The bank’s investment in participatory sports, such as distance running, has helped promote healthy lifestyles and positive impact, and its commitment to social good has made a tangible difference in the lives of athletes and communities. With its focus on ethics, digital innovation, and social good, IDFC First Bank is an exemplary model for brands looking to make a positive impact through sports sponsorship.
IDFC First Bank: The Unwanted Caller You Never Opted In For!
A resident in Greater Noida has complained about receiving repeated automated calls from IDFC First Bank, despite having no banking relationship with the institution. The calls, which are made through an artificial intelligence-powered system, have been persistent, with the complainant receiving multiple calls every day. The complainant has alleged that the calls have continued despite his repeated objections, and he has threatened to take legal action against the bank for breach of privacy, unfair trade practices, and misuse of automated communication systems.
The case raises questions about consent, privacy, and the limits of automated outreach in the age of AI. The complainant maintains that he never gave permission for his phone number to be used by the bank, and even if he had inadvertently given consent, it would not justify the multiple daily calls he has been receiving. Legal experts note that consent must be specific, informed, and revocable, and that automated calls, especially those made several times a day, risk crossing from legitimate communication into harassment.
The case is significant, as it highlights the need for regulatory frameworks to keep pace with technological advancements. The Digital Personal Data Protection Act, 2023, and the TRAI’s Telecom Commercial Communications Customer Preference Regulations, 2018, provide some safeguards against unsolicited commercial communications, but the use of AI systems complicates the issue. The question now facing regulators and possibly the courts is whether technological efficiency can coexist with respect for personal boundaries, or whether the law must draw firmer lines around the right to be left alone.
IDFC First Bank could face significant penalties if found liable, including fines of up to ₹250 crore under the Digital Personal Data Protection Act, 2023, and financial disincentives ranging from ₹1,000 per violation to ₹10 lakh or more under the TRAI’s regulations. The bank could also face action under the Consumer Protection Act, 2019, and the Information Technology Act, 2000, for unfair trade practices and unauthorized use of personal data.
The case serves as a reminder that financial institutions must act as responsible data fiduciaries and respect the rights of individuals to privacy and consent. As banks increasingly use automation to reduce costs and expand reach, they must ensure that their systems are designed to respect personal boundaries and comply with regulatory frameworks. The outcome of this case will be closely watched, as it could set a precedent for the limits of automated outreach and the protections available to individuals against harassment and invasion of privacy.
IDFC FIRST Bank, AWS, and Campus Fund_wrap up the Grand Challenge 2025, honoring the most innovative student-led startups in India.
The Grand Challenge 2025, a national platform for student entrepreneurship in India, has concluded its sixth edition with Novyte being named the Best Student Startup of 2025. Novyte, founded by students from the Institute of Chemical Technology, has developed a Gen AI-powered materials discovery platform that enables the rapid identification of manufacturable and stable materials for various applications. The platform was recognized for its innovative solution and potential to drive significant impact in the industry.
The Grand Challenge 2025 received nearly 1,500 applications from campuses across India and abroad, and 13 exceptional student-led startups were selected to present at the Grand Finale. The finalists represented a wide range of sectors, including AI, deeptech, climate, healthcare, consumer, mobility, and industrial innovation. The top three winners were Novyte, Cosma, and Rhygen, which developed innovative solutions in materials discovery, fertility care, and hybrid powertrains, respectively.
The Grand Challenge 2025 was powered by 360 ONE and Base, and was supported by AWS, IDFC FIRST Bank, and Campus Fund. The platform provides access to capital, cloud infrastructure, mentorship, and long-term institutional backing to student founders. The event was attended by a distinguished panel of leaders from business, finance, technology, and entrepreneurship, who evaluated the startups and provided feedback.
The Grand Challenge 2025 reflects a clear shift in India’s startup ecosystem towards deep, defensible innovation led by student founders. The platform has provided a launchpad for student entrepreneurs to showcase their innovative ideas and solutions, and has helped to identify and support the next generation of Indian entrepreneurs. The winners of the Grand Challenge 2025 will receive support and resources to help them scale their startups and drive impact in their respective industries.
The Grand Challenge 2025 has demonstrated the potential of student entrepreneurship in India and has highlighted the need for continued support and resources to help student founders drive innovation and growth. The event has also shown that the next generation of Indian entrepreneurs is ready to lead on the global stage and make a significant impact in the startup ecosystem. With the support of organizations like AWS, IDFC FIRST Bank, 360 ONE, and Base, the Grand Challenge 2025 has provided a platform for student entrepreneurs to showcase their innovative ideas and solutions, and has helped to drive the growth of the startup ecosystem in India.
IDFC FIRST Bank launches its premium Zero-Forex Diamond Reserve Credit Card
IDFC FIRST Bank has launched a new premium credit card, the Zero-Forex Diamond Reserve Credit Card, designed for customers with frequent international travel needs. The card offers a range of benefits, including zero foreign exchange markup on international transactions, reward points on travel and regular spending, and access to airport lounges in India and overseas. Cardholders will also receive benefits such as complimentary golf sessions, hotel stay offers, and entertainment-related discounts.
The card includes travel-related insurance covers, including baggage loss, flight delays, trip cancellation, and accident insurance, as well as personal accident and air accident cover. Additionally, reward points earned on the card have a lifetime validity, with no cap on accumulation and flexibility to redeem across online purchases.
The annual fee for the card is ₹3,000 plus GST, but this can be waived from the second year onwards for customers who meet a specified annual spending threshold. The card is available through digital channels for eligible customers.
According to Shirish Bhandari, Head of Credit Cards at IDFC FIRST Bank, the Zero-Forex Diamond Reserve Credit Card is aimed at customers who travel frequently and want to combine zero forex charges with travel-linked rewards and benefits. The launch of this card is part of a growing trend in the premium credit card segment, where banks are competing to attract high-spending customers with travel-focused propositions and bundled lifestyle benefits.
The introduction of this card is likely to appeal to customers who travel frequently and want to minimize their foreign exchange costs. With its range of benefits and rewards, the Zero-Forex Diamond Reserve Credit Card is positioned as a competitive offering in the premium credit card market. As the credit card market continues to evolve, it will be interesting to see how this new offering from IDFC FIRST Bank is received by customers and how it compares to other premium credit cards available in the market.
IDFC FIRST Bank Overhauls Credit Card Perks for 2026: A Breakdown of All the Key Updates
IDFC First Bank has announced changes to its benefits, perks, and rewards for the upcoming year, affecting its credit card users. The changes, which will be implemented in January and April 2026, aim to make rewards more structured and linked to spending and payment habits. Here are the key updates:
Changes in Premium Credit Cards (Ashva and Mayura)
- International spending rewards have been reduced from 10X to 5X reward points by default. To earn the higher reward rate, cardholders must spend at least ₹20,000 in a billing cycle.
- Failure to pay the minimum amount due on time will result in no reward points for that month, regardless of spending.
Changes in Lifetime-Free Cards (Classic, Select, Wealth)
- Reward points will now be earned at a slower rate, with ₹200 spent required to earn one reward point, up from ₹150.
- Cardholders must spend above ₹20,000 per month to earn higher reward points.
Airport Lounge Access
- The number of free lounge visits has been reduced on some cards, with lounge access now based on spending.
- Select Credit Card holders will get 1 free domestic lounge visit per quarter, while Wealth Credit Card holders will get 1 domestic and 1 international lounge visit per quarter.
Other Changes
- FASTag recharges and railway ticket bookings will earn only basic reward points, with a 1% charge applicable on spends above ₹10,000 and ₹25,000, respectively.
- Travel bookings made through the IDFC FIRST Bank mobile app will earn extra reward points, with 33% extra points on hotel bookings and 20% extra points on flight bookings.
Impact on Cardholders
- Regular spenders above ₹20,000 per month can still earn decent rewards.
- Lounge access is still available, but cardholders must meet the minimum spending criteria.
- Paying credit card bills on time is crucial to earning rewards.
Overall, the changes aim to make rewards more structured and linked to spending and payment habits. While some benefits have been reduced, cardholders can still earn decent rewards by understanding the new terms and conditions. It is essential for IDFC First Bank credit card users to review the changes and adjust their spending habits accordingly to maximize their rewards.
IDFC FIRST Bank Introduces Gaj: An Exclusive, Invitation-Only Metal Card Designed for Select IDFC Private Banking Clients
IDFC FIRST Bank has launched a new premium metal credit card called Gaj: Credit Card, which is an invitation-only offering for select high-net-worth individuals (HNIs). The card is part of the bank’s Ashva-Mayura-Gaj: trilogy and represents the pinnacle of the series. The Gaj: Credit Card is designed to signify majesty, wisdom, stability, and sovereign power, and its design features a signature twin-elephant motif crafted on metal.
The card comes with a range of premium benefits, including a 1:1 rewards structure, zero foreign exchange markup, and a set of travel and lifestyle privileges. It also offers a dedicated trip cancellation cover, interest-free global ATM cash access, and complimentary international and domestic lounges. The card has a joining and annual fee of ₹12,500 + GST, which can be offset by redeeming 12,500 invitation Rewards Points.
According to Shirish Bhandari, Head of Credit Cards at IDFC FIRST Bank, the Gaj: Credit Card reflects the bank’s deep respect for Indian heritage and its achievers. The card is designed to be complete in every respect, combining feature depth with an inspirational Indian design.
IDFC FIRST Bank is one of India’s fast-growing private banks, with a vision to build a world-class bank founded on principles of ethical, digital, and social good banking. The bank has a customer base of 35 million, with a customer business of Rs. 5,35,673 crore, and operates through 1,041 branches. It offers a range of services, including retail, MSME, rural, startups, corporate banking, and wealth management.
The bank is committed to doing right even when customers are not watching and has simplified descriptions, calculations, and legal jargon to avoid confusing customers. It also has a modern technology stack that delivers high-quality services across all channels and strives to deliver fintech-grade experiences on its banking platform.
Overall, the Gaj: Credit Card is a premium offering that is designed to meet the needs of high-net-worth individuals who value exclusivity, convenience, and rewards. With its unique design, range of benefits, and commitment to customer satisfaction, the card is likely to appeal to those who are looking for a high-end credit card experience.
IDFC FIRST Bank Launches Exclusive Gaj Credit Card, a Premium Metal Card Available Only by Invitation to Select Elite Customers – Goodreturns
IDFC FIRST Bank has launched an exclusive metal credit card called Gaj Credit Card, designed for elite customers. This invitation-only credit card is made of metal and offers a unique set of benefits and rewards. The Gaj Credit Card is not available for public application and is only offered to select customers who meet the bank’s criteria.
The card is made of a durable metal material and has a sleek design, making it a premium product. The benefits of the Gaj Credit Card include unlimited lounge access, golf privileges, and exclusive dining offers. Cardholders also receive a dedicated concierge service, which provides personalized assistance for travel, entertainment, and lifestyle needs.
One of the key features of the Gaj Credit Card is its rewards program. Cardholders can earn rewards points on every transaction, which can be redeemed for travel, merchandise, or other rewards. The card also offers a high credit limit, allowing cardholders to make big-ticket purchases with ease.
The Gaj Credit Card also comes with a range of insurance benefits, including travel insurance, purchase protection, and concierge services. Cardholders also receive exclusive access to premium events and experiences, such as concerts, sporting events, and wine tastings.
To be eligible for the Gaj Credit Card, customers must meet certain criteria, such as having a high income, a good credit score, and a long-term relationship with the bank. The bank uses a proprietary algorithm to identify potential customers and invites them to apply for the card.
The Gaj Credit Card is a reflection of IDFC FIRST Bank’s commitment to providing premium banking services to its elite customers. The bank’s goal is to provide a unique and personalized experience to its high-net-worth customers, and the Gaj Credit Card is an important part of this strategy.
Overall, the Gaj Credit Card is a unique and exclusive product that offers a range of benefits and rewards to elite customers. With its metal design, unlimited lounge access, and dedicated concierge service, the card is sure to appeal to high-net-worth individuals who value premium banking services. However, the invitation-only criteria may limit its availability to a select few.
IDFC First Bank Cuts Rewards on Premium and Lifetime-Free Credit Cards, Reports scanx.trade
IDFC First Bank has announced significant changes to its credit card rewards program, impacting both premium and lifetime-free cards. The bank has reduced the rewards earning rates and capped the benefits on several of its popular credit cards. This move is likely to disappoint many of its customers who have been using these cards for their rewards and benefits.
The changes affect some of the bank’s most popular credit cards, including the IDFC First Classic, IDFC First Select, and IDFC First Wealth cards. The rewards earning rates on these cards have been reduced, with some cards now offering as little as 0.5% to 1% rewards on everyday spends. Additionally, the bank has introduced caps on the maximum rewards that can be earned per month, which will limit the benefits that customers can accrue.
The IDFC First Classic card, which was previously a popular choice for its 1.5% rewards earning rate, will now offer only 0.5% rewards on all spends. The IDFC First Select card, which offered 2% rewards on online transactions, will now offer only 1% rewards. The IDFC First Wealth card, which offered 3% rewards on international transactions, will now offer only 2% rewards.
The bank has also reduced the rewards earning rates on its lifetime-free credit cards, which were previously popular for their zero annual fees and attractive rewards. The IDFC First Lifetime Free card, which offered 1% rewards on all spends, will now offer only 0.5% rewards.
The changes to the rewards program are likely to affect the bank’s customer base, particularly those who have been using these cards for their rewards and benefits. The reduced rewards earning rates and caps on benefits may lead to a decrease in customer loyalty and retention. The bank may face competition from other credit card issuers that offer more attractive rewards programs.
It’s worth noting that the bank has not provided any official reason for the changes to its rewards program. However, it’s likely that the move is aimed at reducing costs and increasing profitability. The bank may be looking to optimize its rewards program to better align with its business goals and target customer segments.
Overall, the changes to IDFC First Bank’s credit card rewards program are significant and may have a negative impact on its customer base. Customers who have been using these cards for their rewards and benefits may need to reevaluate their credit card options and consider alternative cards that offer more attractive rewards programs.