Best for HNW in India 2022
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AwardsAsia Private Banking Awards

Best for HNW in India 2022

IDFC First Bank

Highly Regarded

  • IndusInd Bank
  • Centrum Wealth
  • Members of the private banking team at IDFC First Bank wear their technology on their sleeves. It’s apparent from the way senior management rarely miss a chance to explain how IDFC First is a neo-age bank with an absolute focus on digital banking offerings.

    There’s even a vision statement: Ethical, Digital and Social Good. The idea is that ethical banking is at the core of everything IDFC First does. Digital is how they run a business they believe contributes to the larger social good.

    The vision is working, at least from a financial success standpoint. Namita Arya, customer experience lead for wealth management and private banking, goes as far as saying the bank is expanding at a “stupendous rate”: Over the last year, assets under management surged a record 126%.

    IDFC First also boasts a transparent fee structure. Unlike most of its peers in India and elsewhere, the bank doesn’t levy non-home branch charges, SMS update fees, immediate payment service fees or annual card fees to name a few.


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