IDFC FIRST Bank Limited

Mumbai, India

IDFC FIRST Bank Limited is a private sector bank in India offering a comprehensive range of financial products and services, including retail, corporate, and digital banking. The bank focuses on innovative, customer-centric solutions and strives to integrate technology with traditional banking to serve its diverse clientele.

CCI Score

20.53

-0.02% April 18

Latest Event

RBI Imposes Monetary Penalty on IDFC First Bank for Non-Compliance

IDFC First Bank was fined Rs 1 crore by the RBI for failing to adhere to regulatory directions regarding due diligence on term loans, highlighting significant shortcomings in its business practices and ethical responsibility.

Take Action

So what can you do? Support IDFC First Bank by shopping, spreading the word, or offering your support.

Shop Alternatives SEE ALL: IndusInd Bank

M&S Bank

CIBC
Use Your Voice OTHER TOOLS
Investigate
Share the Score SUPPORT CCI

SABOTEUR

IDFC FIRST Bank Limited is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

APR

05

2024

RBI Imposes Monetary Penalty on IDFC First Bank for Non-Compliance
-36.07

IDFC First Bank was fined Rs 1 crore by the RBI for failing to adhere to regulatory directions regarding due diligence on term loans, highlighting significant shortcomings in its business practices and ethical responsibility.
-40

Business Practices and Ethical Responsibility

March 22

The bank's sanctioning of term loans without proper due diligence, as mandated by the RBI, exposes a failure in its business practices and ethical responsibility. This non-compliance not only led to a monetary penalty but also reflects broader issues in oversight and internal risk management, raising concerns about its commitment to fair, responsible, and transparent financial practices.

RBI imposes monetary penalty on IDFC First Bank for non-compliance with directions
OCT

03

2023

Adoption of Comprehensive Human Rights Policy
77.12

IDFC FIRST Bank Limited has established a robust Human Rights Policy outlining its commitment to an inclusive workplace, safe and healthy work environments, zero tolerance for harassment, and the abolition of forced and child labor. This policy reinforces the bank’s efforts to uphold labor rights and ethical business practices, contributing positively against authoritarian practices.
+90

Labor Relations and Human Rights Practices

March 22

The published Human Rights Policy demonstrates a strong commitment to labor rights, inclusive practices, and ethical business conduct. By addressing issues such as safe work environments, prevention of sexual harassment, and abolition of forced and child labor, IDFC FIRST Bank is taking clear steps to protect human rights, which is crucial for resisting fascist and authoritarian practices.

IDFC FIRST Bank Limited - Human Rights Policy Version