IDFC First Bank has made significant strides in its growth strategy with two major announcements. The bank has received regulatory approval for a substantial investment and launched a new digital remittance platform for Non-Resident Indians (NRIs).

RBI Approves Investment from Platinum Invictus

IDFC First Bank announced that Platinum Invictus B 2025 RSC Limited has secured approval from the Reserve Bank of India (RBI) to invest up to 9.99% of the bank's paid-up share capital. As part of this approval, Platinum Invictus has proposed an investment of approximately ₹2,624.00 crore, which would represent about 5.09% of the bank's post-issue paid-up share capital.

This investment is set to be executed through a preferential issue that was previously approved by the bank's shareholders on May 17, 2025. The move is expected to strengthen IDFC First Bank's capital base and support its growth initiatives.

Launch of 'RemitFIRST2India' for NRIs

In a separate development, IDFC First Bank has introduced 'RemitFIRST2India', a digital platform designed to facilitate money transfers to India for Non-Resident Indians (NRIs) residing in Singapore and Hong Kong. This innovative platform, developed in collaboration with Singapore-based SingX, offers several key features:

• Real-time transaction tracking
• Competitive forex rates
• Paperless transfers

NRI customers can access the RemitFIRST2India service through IDFC First Bank's mobile app or web portal, making international remittances more convenient and efficient.

Recent Share Allotment

On August 8, 2025, IDFC First Bank's authorized committee approved the allotment of 12,17,474 equity shares to eligible employees under the bank's Employee Stock Option Scheme (ESOS). This allotment has increased the bank's issued and paid-up equity share capital as follows:

Each equity share has a face value of ₹10.

These developments underscore IDFC First Bank's commitment to strengthening its capital position, expanding its digital offerings, and rewarding its employees. The bank continues to focus on growth and innovation in the competitive Indian banking sector.

IDFC First Bank has announced a significant development in its capital raising efforts, with the Reserve Bank of India (RBI) granting approval for a substantial investment from Platinum Invictus B 2025 RSC Limited.

RBI Approval and Investment Details

The bank revealed that Platinum Invictus has received RBI approval to invest up to 9.99% in IDFC FIRST Bank's paid-up share capital. As part of this approval, Platinum Invictus plans to invest approximately ₹2,624.00 crores, which will represent about 5.09% of the bank's post-issue paid-up share capital.

Preferential Issue Background

This investment is part of a preferential issue that was previously approved by IDFC FIRST Bank's shareholders. The move signifies a strong vote of confidence in the bank's future prospects and its strategic direction.

Regulatory Compliance

In compliance with regulatory requirements, IDFC FIRST Bank has duly informed the National Stock Exchange of India Limited and BSE Limited about this development. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Corporate Action

In a separate but related development, IDFC FIRST Bank also announced the allotment of 12,17,474 equity shares to eligible employees under its Employee Stock Option Scheme (ESOS). This allotment has resulted in an increase in the bank's issued and paid-up equity share capital.

The newly allotted shares will rank pari-passu with the existing equity shares of the bank in all respects.

These developments underscore IDFC FIRST Bank's ongoing efforts to strengthen its capital base and reward its employees, positioning itself for potential growth opportunities in the banking sector.