IDFC First Bank Shares Climb Over 2% on Fundraising Plans

IDFC First Bank share price rose by 2% on Tuesday after the bank’s announcement of an upcoming board meeting on April 17, 2025. The company will evaluate a proposal for raising funds vis preferential issue of securities. The decision was communicated via an exchange filing, indicating the bank’s plans to strengthen its capital base for future growth.

“The Board… will consider and, if thought fit, approve the proposal for raising funds by way of eligible securities on a preferential basis,” said the filing.

IDFC First Bank Share Price Performance 

On Tuesday, IDFC First Bank shares opened at ₹60.99, touched an intraday high of ₹61.21, and a low of ₹60.01 on the BSE.

IDFC First Bank Business Update

The rally in the stock can also be attributed to a strong business performance update for Q4FY25. The bank reported a 22.7% year-on-year (YoY) growth in total business, which includes loans, advances, and customer deposits. The total business surged from ₹3.95 lakh crore in March 2024 to ₹4.84 lakh crore in March 2025.

Loans and advances grew by 20.3% YoY, from ₹2.01 lakh crore to ₹2.42 lakh crore, showing consistent credit growth. Even on a quarter-on-quarter (QoQ) basis, loans grew by 4.7%, reflecting a steady increase in lending activity.

Conclusion

With a positive business update and fundraising plans, IDFC First Bank appears poised for further upside. Technical patterns and improved fundamentals indicate potential for both short-term gains and medium-term recovery, especially if buying interest holds post board meeting.

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