Shares of IDFC First Bank Ltd rose 1% to touch a day’s high of Rs 70.17 on 11th August after the bank announced on Friday (8th August) that Platinum Invictus B 2025 RSC Limited had received approval from the Reserve Bank of India (RBI) to invest up to 9.99% of its paid-up share capital.

The proposed investment is valued at about Rs 2,624 crore. This represents around 5.09% of IDFC First Bank’s post-issue paid-up share capital. The investment will be made through a preferential issue approved by shareholders on 17th May, 2025. The bank had earlier announced its plan to raise funds via this route. It has now confirmed RBI’s approval for the deal.

Separately, IDFC First Bank has launched ‘RemitFIRST2India’, a digital platform. This platform helps NRIs send money to India quickly and securely. Currently available for transfers from Singapore and Hong Kong, it will expand to more countries soon. Built in partnership with Singapore-based SingX, the service provides real-time tracking and competitive foreign exchange rates. It also allows paperless transfers via the bank’s mobile app or a dedicated web portal.

At 11:50 AM, the shares of IDFC First Bank were trading 0.65% higher at Rs 69.56 on NSE.

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