V Vaidyanathan, MD and CEO, IDFC FIRST Bank
IDFC FIRST Bank on Thursday said Currant Sea Investments B.V., (an affiliate company of Warburg Pincus LLC) and Platinum Invictus B 2025 RSC Limited (a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA)) will invest a combined total of ₹7,500 crore in the Bank to fuel its next phase of growth.
The private sector bank’s Board of Directors, at their meeting held today, approved a preferential issue of equity capital (CCPS) amounting to approximately ₹4,876 crore to Currant Sea Investments B.V. and approximately ₹2,624 crore to Platinum Invictus B 2025 RSC Limited. The proposed issues are subject to shareholder and regulatory approvals.
With this fundraising, the overall capital adequacy will increase from 16.1% to 18.9% (CET-1 ratio at ~16.5%, calculated on the capital position of the Bank as of December 31, 2024), strengthening the Bank’s balance sheet and positioning it for strong and self-sustaining profitable growth, per a Bank statement.
V Vaidyanathan, Managing Director & CEO, IDFC FIRST Bank: “The Bank has firmly moved into profits and is now at a pivotal stage, where our income growth is expected to consistently exceed OPEX growth, leading to improved operating leverage. We expect many businesses in the investment stage to turn profitable with scale.
“It is great to have Warburg Pincus back and to welcome a wholly owned subsidiary of ADIA as our shareholder. We thank them both for believing in us and our future growth plans and for investing in us even under volatile global situations. We believe only by building a strong, respected franchise loved by customers and supported by strong unit economics, we will deliver sustainable long-term returns to our stakeholders.”
Published on April 17, 2025
