IDFC First Bank Approves Fund Raise Up to ₹20,000 Cr

IDFC First Bank's Board of Directors, in a meeting held on July 25, 2026, granted enabling approval for raising funds up to ₹7,500 crore through equity securities and up to ₹12,500 crore through debt instruments. These approvals are valid for one year and are subject to shareholder and regulatory approvals. The Board also noted Mr. Pravir Vohra's cessation as Independent Director and approved Mr. Anurag Mishra's appointment as Chief Vigilance Officer. Amendments to the Articles of Association were approved to allow non-executive, non-independent directors nominated by investors. Additionally, August 7, 2026, was fixed as the record date for the final dividend for FY 2025-26, subject to shareholder approval.