IDFC FIRST Bank approved a Rs 7,500 crore fundraise via preferential issue to Warburg Pincus and ADIA affiliates, subject to approvals.
Bank’s transformation since 2019 saw 6x deposit growth, doubling of loans, and PAT turnaround to Rs 2,957 crore in FY24.
Capital adequacy to rise from 16.1% to 18.9%, enhancing balance sheet strength for sustainable growth.
Management and investors express confidence in bank’s digital-first model, long-term vision, and profitability trajectory.
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