In December 2021, IDFC FIRST Bank has announced the launch of FIRST Private Infinite card, What is the full form of IDFC?

In December 2021, IDFC FIRST Bank has announced the launch of FIRST Private Infinite card, What is the full form of IDFC? Correct Answer Infrastructure Development Finance Company

The correct answer is Infrastructure Development Finance Company.

Key Points

  • IDFC FIRST Bank has announced the launch of the FIRST Private Infinite card.
  • It is the country's first-ever standalone metal debit card.
  • It has been developed in partnership with Visa.
  • FIRST Private Infinite is a lifetime free card designed specifically for customers who are part of the Bank's FIRST Private program, premium savings and wealth offering.

Additional Information

  • In December 2018, IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First.
  • Its headquarter is located in Mumbai. V. Vaidyanathan is MD and CEO of IDFC First Bank Ltd.

Related Questions

During the meeting of the Board of Directors of IDFC Bank,IDFC Bank proposed to change its name to
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.