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IDFCIndia
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This profile is actively maintained
Last update: 2023-06-15 13:32:04
IDFC head offices in Mumbai, India. Photo: Sumedh Kadoo via Wikimedia Commons (CC BY-SA 3.0)
Active
This profile is actively maintained
Last update: 2023-06-15 13:32:04
About
| Website | http://www.idfc.com |
| Headquarters |
Naman Chambers, C-32
400 051 Mumbai
India
|
| CEO/chair |
Mahendra Shah Managing Director |
| Supervisor | |
| Ownership |
listed on Bombay Stock Exchange & National Stock Exchange of India
IDFC's largest shareholder is the state of India (16.4%). IDFC's complete shareholder structure can be accessed here. |
The Infrastructure Development Finance Company (IDFC) is an Indian financial services organisation, mainly providing infrastructure finance, but also asset management, investment banking and brokerage. IDFC was formed in 1997 in Chennai and went public in 2005. In 2014, the Reserve Bank of India granted an in-principle approval to IDFC Limited to set up a new bank in the private sector, IDFC Bank. All the lending business of IDFC Limited has been demerged and transferred to IDFC Bank.
IDFC acts as a Financial Intermediary for IFC, managing the IFC-supported India Infrastructure Fund (IIF). The IIF is based in Mumbai and makes equity investments in energy and utilities, transport infrastructure, telecommunications, and other infrastructure solely in India.
Sustainability
Commitments
Policies
Voluntary standards
IDFC's (and its susbsidiary IDFC First Bank's) most important sustainability commitments can be found at the website sections listed below.
IDFC has committed itself to the following voluntary standards:
Dodgy Deals
IDFC is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of IDFC's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
IDFC does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.
IDFC is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates IDFC's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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