IDFC First Bank Receives RBI Approval for ₹2,624 Crore Investment by Platinum Invictus

IDFC First Bank announced that Platinum Invictus B 2025 RSC Limited has obtained approval from the Reserve Bank of India to invest up to 9.99% of the bank’s paid-up share capital. The proposed investment amounts to about ₹2,624 crore, representing roughly 5.09% of the post-issue paid-up share capital.

This investment will be made through a preferential issue, which had already been approved by the bank’s shareholders on May 17, 2025. The clearance from the Reserve Bank of India marks a key step in executing the planned capital raising.

Details of the Preferential Issue

The preferential issue was part of the lender’s earlier announcement to raise funds, with the objective of strengthening its capital position. The investment by Platinum Invictus B 2025 RSC Limited is structured to be completed in line with the regulatory framework and shareholder approval already in place.

The transaction structure indicates that the investor will hold 5.09% of the post-issue paid-up share capital after the allotment.

Launch of RemitFIRST2India for NRIs

In a separate development, IDFC First Bank has introduced RemitFIRST2India, a digital platform aimed at Non-Resident Indians for sending money to India more efficiently and securely.

The service currently supports transfers from Singapore and Hong Kong, with expansion plans for additional countries. It offers real-time transaction tracking, competitive foreign exchange rates, and a paperless transfer process. Customers can access RemitFIRST2India via the bank’s mobile banking app or a dedicated online portal.

Collaboration with SingX

The platform has been developed in partnership with SingX, a Singapore-based remittance service provider. This collaboration combines IDFC First Bank’s banking network with SingX’s cross-border payment capabilities to enhance customer convenience in international money transfers.

Read More: VinFast Signs MoU With HDFC Bank for Vehicle Financing in India! 

IDFC First Bank Share Price Update

As of 3:25 PM on August 11, 2025, IDFC First Bank’s share price is trading at ₹69.74, a 0.91% increase. 

Conclusion 

The RBI’s nod for the ₹2,624 crore investment and the launch of RemitFIRST2India mark notable developments for IDFC First Bank. 

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