IDFC First Bank says 52% of startup clients are from tier-II and III cities
In short
Vaidyanathan said at the ET Startup Awards 2026 that about 52% of the startups banking with IDFC First Bank come from tier-II and tier-III cities.
He said startup growth is coming from more places across India. The report does not give a total client number or say how this has changed over time.
What the reporting says
Vaidyanathan said at the ET Startup Awards 2026 that about 52% of startups banking with IDFC First Bank come from tier-II and tier-III locations. He said entrepreneurship is being shaped by talent and ideas across the country, not just a few cities or sectors. The reporting does not identify the bank’s total startup client base or any change over time.
Why it matters
At the ET Startup Awards 2026, Vaidyanathan said roughly 52% of startups banking with IDFC First Bank are based in tier-II and tier-III locations. His point was that entrepreneurship is spreading beyond the biggest cities. The source does not name the bank’s startup portfolio size, the period measured or whether the share has changed.