Infrastructure Development Finance Company Limited, more commonly known as IDFC, was a development finance institution based in India under the Department of Financial Services, Government of India.[2] It provided finance and advisory services for infrastructure projects, as well as asset management and investment banking.[3]
IDFC reverse merged with IDFC First Bank on 1 October 2024.[4]
Company history
IDFC was incorporated on 30 January 1997 by Government of India, with its registered office in Chennai, and started operations on 9 June 1997. In 1998 the company registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company (NBFC). In the year 1999 the company was notified as Public Financial Institution.[5]