IDFCFIRSTB
vs
B
BSE Sensex 30
IDFCFIRSTB
Over the past 12 months, IDFCFIRSTB has outperformed BSE Sensex 30, delivering a return of +23% compared to the BSE Sensex 30's +4% growth.
Stocks Performance
IDFCFIRSTB vs BSE Sensex 30
Performance Gap
IDFCFIRSTB vs BSE Sensex 30
Performance By Year
IDFCFIRSTB vs BSE Sensex 30
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
IDFC First Bank Ltd
Glance View
IDFC First Bank Ltd. emerged from a strategic amalgamation that marked a new chapter in the Indian banking industry. The bank originated in 2018 from the merger of IDFC Bank, an offshoot of the infrastructure finance company IDFC Limited, and Capital First, a non-banking financial company specializing in retail lending. This union aimed to leverage IDFC Bank's extensive infrastructure finance expertise and Capital First's prowess in retail finance, establishing a diversified footprint across both wholesale and retail banking. The focus was, and remains, on providing a comprehensive range of financial services, from personal loans and credit cards to corporate banking and asset management. With a robust digital platform, IDFC First Bank is catering to the growing demand for seamless online banking experiences, drawing in tech-savvy customers while retaining a solid brick-and-mortar presence. Functioning on a diversified revenue model, IDFC First Bank generates income through traditional and innovative banking services. On one side, it earns interest income by lending to individuals and corporations, offering everything from home loans to business financing. Simultaneously, the bank collects fees and commissions from providing ancillary services, such as wealth management and insurance through strategic tie-ups. What sets IDFC First Bank apart is its strong emphasis on customer-centric growth, deploying an agile strategy that focuses on low-cost deposits and higher-margin retail lending. This dual-income strategy, coupled with a keen eye on asset quality and risk management, helps the bank navigate the dynamic financial landscape, aiming for sustainable growth and enhanced stakeholder value.
