The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Asia Private Banking Awards

Best for HNW in India 2021

IDFC First Bank

Amit Kumar, IDFC First Bank.jpg
Amit Kumar, IDFC First Bank

For many high net worth individuals, the idea of entrusting your fortune to a “young, small, upcoming” bank may scream risk. That is, unless you’re talking about the wealth management team at IDFC First Bank.

The nimbleness with which this neo-age bank with ambitions has leveraged technological innovation is coming in handy in uncertain markets. Especially as its clients do not need to visit a branch in person.

IDFC First, in other words, started the Covid-19 crisis in an enviable place. That enabled the team, under the leadership of Amit Kumar, head of retail liabilities and branch banking, to focus attention on growing client wealth instead of logistics or corporate infrastructure. Assets under management surged 114% in the last year. The private banking group’s book – or total relationship value – grew 123%.

Behind that performance is a one-stop solution for the full range of banking and financial services turbocharged by upgrading digital capabilities. IDFC First has automated and simplified most of the customer experience, right from account opening to loan applications and servicing needs.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree