IDFC First Bank allots Rs 4,876 crore worth preference shares to Warburg Pincus affiliate

Warburg Pincus to invest Rs 4,876 crore in IDFC First Bank via 81.26 crore CCPS in a preferential allotment approved on Friday.

Move signals 10% stake acquisition, aimed at funding the bank’s next phase of growth.

Q1FY26 PAT drops 32% YoY to Rs 463 crore; NII rises 5.1% YoY to Rs 4,933 crore.

Margins contract as NIM falls to 5.71%, hit by repo changes, asset mix shift, and microfinance dip.