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IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited , it shifted focus from infrastructure financing to retail banking in the years after its 2018 merger with Capital First . [ 6 ]
A postage stamp released during the launch of India Post Payments Bank in 2017. On 19 August 2015, the India Post received a licence to run a payments bank from the Reserve Bank of India. On 17 August 2016, it was registered as a public limited government company for setting up a payments bank. [2]
New themes are now finding their place on Indian postage stamps, with some stamps issued jointly with postal agencies of other countries, renewable energy sources, the local flora and fauna and even the special annual issues wishing season's greetings. On 9 March 2011 India Post launched an online e-post office. [30]
In the same year, the company established IDFC Foundation to focus on capacity building, policy advisory and sustainability initiatives. [9] IDFC Bank started operating banking services on 1 October 2015. [10] On 1 October 2024, IDFC Limited merged with the bank, with shareholders receiving 155 bank shares for every 100 IDFC Limited shares. [11]
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These accounts were run by J.P. Morgan Europe Ltd on behalf of the Post Office. To open an account, you must have been in receipt of benefits and a referral is made via Jobcentre Plus. New applications for a Post Office card account were closed on 11 May 2020, with existing accounts remaining open until November 2022.
In the third quarter of 2024, U.S. credit card balances rose by $24 billion, reaching the $1.17 trillion mark — the highest level recorded by the Fed in 20 years. Don't miss.
After a decade-long stint at ICICI, Vaidyanathan acquired a stake in an existing listed non-bank financial institution and guided it through a transformation into Capital First, ultimately merging it with IDFC Bank to form IDFC First Bank in 2018. [4] [5] In 2022, he was awarded the Ernst & Young Entrepreneur of the Year Award. [6]
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