IDFC First Bank Approves Raising Up To Rs 20,000 Crore; Sets Final Dividend Record Date

IDFC First Bank board approved raising up to Rs 20,000 crore through debt instruments or equity shares.

The bank set the record date for final dividend at March 27, 2025.

The fundraise aims to maintain strong capital adequacy and support growth opportunities.

The decision allows the bank to access capital markets for flexibility.