💨 Abstract

IDFC FIRST Bank, a leading private sector bank in India, has secured a preferential issue of equity capital worth approximately Rs. 7,500 crore from global investors Warburg Pincus LLC and Abu Dhabi Investment Authority (ADIA). The funds will strengthen the bank's balance sheet, improve its capital adequacy ratio, and position it for strong, self-sustaining profitable growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖