IDFC First Bank Share Price Sees Uptick Ahead of Fundraising Decision

Market Performance

IDFC First Bank's share price increased by over 2% during Tuesday's trading session. The stock opened at ₹60.99 on the BSE, reached an intraday high of ₹61.21, and fell to an intraday low of ₹60.01.

Fundraising Plans

The bank announced that its board of directors is scheduled to meet on April 17, 2025, to deliberate on a proposal for raising capital through the issuance of eligible securities on a preferential basis. This update was disclosed via an official exchange filing.

Business Update for Q4FY25

The bank released its business update for the fourth quarter of the financial year 2024-25, highlighting significant year-on-year growth across key operational metrics:

• Total Business: Increased by 22.7% YoY, reaching ₹4,84,394 crore as of March 31, 2025, compared to ₹3,94,718 crore in the same period last year.
• Loans & Advances: Grew by 20.3% YoY, rising to ₹2,41,848 crore from ₹2,00,965 crore a year ago.
• Quarter-on-Quarter Growth: Loans & advances also showed a 4.7% QoQ increase, reflecting ongoing credit expansion and lending momentum.

Summary

IDFC First Bank's share price rose following the announcement of a forthcoming board meeting to consider a capital-raising proposal. The bank also reported strong performance in its quarterly business update, with notable increases in total business and lending activities. These developments suggest a focus on expanding operational capacity and financial positioning as the new fiscal year unfolds.