Synopsis:
IDFC FIRST Bank announced that Platinum Invictus B 2025 RSC Limited has received RBI approval to invest up to 9.99% in the bank, with an immediate Rs. 2,624 crore infusion through a preferential issue, strengthening capital and supporting expansion.
IDFC FIRST Bank has secured regulatory approval for a major strategic investment from Platinum Invictus B 2025 RSC Limited, reinforcing its capital position and growth plans.
With market capitalization of Rs. 51,282 cr, the shares of IDFC First Bank Ltd are currently trading at Rs. 70 per share, with its previous closing of Rs. 69.11 per share.
What’s the News
IDFC FIRST Bank informed exchanges that Platinum Invictus B 2025 RSC Limited has obtained the Reserve Bank of India’s approval to invest up to 9.99% of its paid-up share capital. As part of the preferential issue approved by shareholders on May 17, 2025, Platinum Invictus will initially invest approximately Rs. 2,624 crore, representing about 5.09% of the post-issue paid-up capital. This investment aims to bolster the bank’s capital base and fund future growth initiatives.
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About the company
IDFC First Bank Ltd is an Indian private sector bank offering a wide range of financial services, including retail and corporate banking, loans, deposits, credit cards, wealth management, and digital banking solutions.
Formed in 2018 through the merger of IDFC Bank and Capital First, the bank focuses on customer-centric services, affordable lending, and technology-driven banking across India.
The bank grew its branch network 5X from 206 branches at the merger to 1,016 branches as of June 30, 2025. AUM growth of 34% YoY, crossing Rs. 50,000 crore milestone.
Management Commentary:
- Customer deposits rose 26% YoY to Rs. 2,56,799 crore; CASA ratio at 48% with 30.2% YoY CASA growth.
- Loans & advances grew 21% YoY to Rs. 2,53,233 crore; asset growth led by mortgages, vehicle financing, business banking, MSME & wholesale loans.
- Credit-to-deposit ratio at 93.4%; GNPA at 1.97%, NNPA at 0.55%; PCR healthy at 72.3%.
- MFI loan book fell 37% YoY to Rs. 8,354 crore (3.3% of total loans); collection efficiency improved to 99%.
- NII grew 5.1% YoY (11.8% excluding MFI); operating leverage improved with 23% business growth vs 11% opex rise.
- Core PPOP (Pre-provision Operating profit) up 7.8% QoQ, fresh equity capital raise of Rs. 7,500 crore announced, completion expected in Q2FY26.
Q1FY26 Results
In Q1FY26, IDFC First Bank posted sales of Rs. 9,642 crore, reflecting a 10% YoY growth from Rs. 8,789 crore and a 2.4% QoQ rise from Rs. 9,413 crore. EBIDT stood at Rs. 3,053 crore, down 9% YoY from Rs. 3,372 crore but improving 3.4% QoQ from Rs. 2,954 crore. Net profit dropped 29% YoY to Rs. 453 crore from Rs. 643 crore, though it surged 53% QoQ from Rs. 296 crore, indicating sequential recovery despite yearly weakness.
Written by Manideep Appana
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