IDFC Full Form | What Does IDFC Stand For?

IDFC: Infrastructure Development Finance Company

IDFC Full Form

IDFC full form stands for Infrastructure Development Finance Company. IDFC Bank is an Indian banking company headquartered in Mumbai, which is part of IDFC, an integrated infrastructure finance company.

The bank commenced operations on 1 October 2015. IDFCFIRSF obtained a global banking license from the Reserve Bank of India (RBI) in July 2015.

Brief Explanation

In 2014, the Reserve Bank of India (RBI) gave in-principle approval to IDFC Limited to set up a new bank in the private sector. IDFC Limited separated its infrastructure finance assets and liabilities from a new entity, IDFC Bank. The bank was launched in November 2015 through this dimmer by IDFC Limited. On November 6, 2015, IDFC Bank was listed on NSE and BSE.

IDFC Bank commenced operations on 19 October 2015. With 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bangalore, Pune, Chennai, Ahmedabad, and Kolkata. There are 15 branches in settlements with a population of less than 10,000.

IDFC Bank opened its 100th branch in Karnataka, Karnataka in October 2017. The bank serves corporate and private customers in India, including the infrastructure sector, which was specialized by IDFC since its inception in 1997. The objective of the bank is to provide services to rural people and self-employment.

Services

  • Latest Services
  • Wholesale banking
  • Personal banking
  • Business banking
  • Money management

What Is The Full Form OF IDFC?

IDFC full form stands for Infrastructure Development Finance Company. It is an Indian banking company headquartered in Mumbai, which is part of IDFC, an integrated infrastructure finance company. IDFC Bank is the first institution in India to offer Aadhaar-linked cashless merchant solutions.

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