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IDFC FIRST Bank's
Introduction: IDFC FIRST Bank's vision is to build a world-class bank in India that's guided by ethics, powered by technology, and a force for social good. IDFC FIRST Bank is a new age bank that works in the best interest of its customers. Customer-First Philosophy: The Bank has a customer-first philosophy and offers high-quality products to our customers. In any product we launch, we bring something special to our customers. For instance, the Bank is the first and only bank in India that offers Zero fees for 28 essential services on Savings Accounts including for ATM cash withdrawals, IMPS, RTGS, NEFT, Cash Deposits at branches, Cash withdrawals at branches, SMS Alerts, Cheque book, Demand Drafts, Pay-order, duplicate statements, etc. IDFC FIRST Bank is the first bank to offer monthly credit in savings accounts. The bank’s credit cards have unique features such as lifetime free, never-expiring rewards points, zero interest on cash withdrawal at ATMs and low APR, so customer incur less fees on our Credit Cards. Ethics First: The Bank believes that income earned unethically is not worth earning. The Bank applies a "Near and Dear" Test in all product design, so that the employees of the Bank serve only such products to customers that they'd want for their own loved ones. Transformation: IDFC FIRST Bank has transformed from infrastructure to retail banking in four years since merger, increasing CASA ratio from 8.7% to 46.8% (December 31, 2023). Total Customer Deposits have increased by 4.5X from Rs. 39,602 crores at the time of merger as of December 31, 2018, to Rs. 1,76,481 crores as of December 31, 2023. The Bank has set up 897 branches and 1,136 ATMs. Financial Performance: The Bank recorded a PAT of Rs. 2,232 crore (~US$ 269 million) in 9M-FY24, with strong Capital Adequacy of 16.73%. The Bank has a long history of nearly 14 years (including period of Capital First) of maintaining high asset quality, with Retail, Rural & SME book currently having Gross NPA of only 1.45% and Net NPA of 0.51% as of December 31, 2023. Overall Gross NPA including infrastructure is 2.04% and Net NPA is 0.68%. ESG Goals: The Bank is highly committed to ESG. The Bank has high governance scores, the business lines naturally support social goals, and efforts are ongoing to achieve environmental goals."
Our Associate Partners
Laqshya Media Group
Established in 1997, Laqshya Media Group stands as a leading integrated communications and advertising agency in India, garnering accolades for its exceptional services. Laqshya specializes in Out-of-Home (OOH), Experiential, and Digital advertising, seamlessly integrating cutting-edge technology into its campaigns. At the heart of Laqshya's operations lies a deep understanding of data, analytics, and consumer behavior, shaping its core DNA. Laqshya has significantly contributed to the OOH advertising landscape, being the pioneering force behind the creation of SHARP, the first-ever patented audience measurement tool for OOH. As a founding member of the Indian Outdoor Advertising Association (IOAA), Laqshya has played a pivotal role in shaping industry standards and practices. In addition to its groundbreaking achievements, Laqshya is committed to leading sustainability practices in the advertising industry. With a firm belief in environmental responsibility, Laqshya integrates sustainable solutions into its operations, contributing to a greener future for all. With a diverse portfolio spanning over two and a half decades, Laqshya has collaborated with esteemed brands such as Titan, Maruti Suzuki, Acko, Nissan, Tata Consumer, Wipro Consumer, Vivo, Ather, and more, delivering highly innovative and impactful media solutions while upholding the highest standards of sustainability. To learn more about Laqshya Media Group and its extensive offerings, visit our website at www.laqshyagroup.com.
Kansai Nerolac Paints Ltd. (KNPL)
Kansai Nerolac Paints Ltd. (KNPL), started in the year 1920, has emerged as a strong player in the paint industry with a high reputation for quality, innovation, and brand identity. It is a subsidiary of Kansai Paint, Japan. Over the years, KNPL has developed a wide gamut of products. We are a complete coating solution company with a product range catering to various segments like Decorative, Automotive, Auto Refinish, Commercial, Industrial, Coil, High Performance, and Powder coating. Kansai Nerolac is the market leader in the Indian automotive industry. We provide an extensive range of coating solutions for a wide range of applications. Kansai Nerolac has a complete range of products in the Automotive Refinish segment. These are products designed to address all segments such as cars, two-wheelers, and commercial vehicles. The premium range of products is Retan Hybrid, the flagship brand of Kansai Paint Japan, committed to delivering optimum solutions to body shops with high productivity and profitability. It is an internationally OEM-approved brand, imported from Japan. It has been the vision of Kansai Nerolac to leverage global technology and serve the customer with superior coating systems and world-class solutions.
Our Partners
Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
Hopcharge
Hopcharge is enabling EV transition by providing the World's first on-demand, doorstep, rapid EV charging service to EV owners. with its Innovative "Charger on Wheels" technology. Commercially launched in Q1, 2022, Hopcharge allows car owners to share its citywide plug-and-play mobile charging infrastructure. Therefore Zero home installation, Zero waiting time on chargers, and Zero range anxiety. With patented technology (granted in the USA and India), Hopcharge has been serving customers for more than a year in Delhi NCR, India. In Feb'23 crossed 5000+ rapid charging sessions at the doorsteps. Hopcharge is making Anyday, Anytime, Anywhere charging possible, with its proprietary rapid charging e-POD made in India for the world. Our subscription-based charging service in the city assures e-mobility for users without EV range/charging anxiety. Diverse subscription plans cater to users’ daily, weekly, and monthly e-mobility requirements with complimentary rescue charging (in an emergency) to enhance their EV experiences. Hopcharge aspires to deliver a convenient, reliable, and affordable charging experience to EV owners and become the world leader in sustainable & alternate energy in the mobility space.
SAFETY PARTNER: KYT India
Indonesia’s KYT Helmets has been a growing force in the motorcycle safety business. Started out in 1998, the helmet maker has been producing quality products that have been put to the test in the highest forms of motor racing: MotoGP. All the tech and development that KYT has been able to learn over its two decades of existence in the sport, as well as in other racing formats like Moto2, Moto3, and MX GP, have trickled down on to the helmets for the road, thus making our roads safer. So, we are glad to have KYT India on board as our safety partner for our two-wheeler jury meet. As the jurors will attest, these helmets are the right ones that you should be wearing when you step out on our roads
VALUATION PARTNER: Grant Thornton Bharat
A member of Grant Thornton International Ltd, Grant Thornton Bharat is a leading professional services firm in the country. A truly Indian Firm with global connections - we work with businesses and government across industries and sectors, providing assurance, consulting, tax, risk and digital and technology transformation services. It is spread across 17 locations in India and as a valuation partner for Acko Drive, Grant Thornton Bharat, tallies all the scores provided by the jury members and help provide the final name of the winners. It helps streamline the process and also make it a transparent process.
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