IDFC First Bank to raise up to Rs 2000 cr in tier-II debt capital via bonds

Funded assets of the bank rose marginally to Rs 1.06 trillion in December 2019 from Rs 1.04 trillion a year ago

IDFC First Bank is raising up to Rs 2,000 crore in tier-II debt capital via bonds to strengthen capital base, improve buffers and support business growth.
 

The private lender’s capital adequacy ratio (CAR) was 13.29 per cent at the end of December 2019, which is considered strong. The regulatory requirement for total CAR is 10.87 per cent with CET-1 ratio at 8.87 per cent, according to the Reserve Bank of India’s norms. 

IDFC Bank also has significant headroom for raising tier-1 and tier-2 bonds to increase capital adequacy beyond 18 per cent, the bank said in filing with the BSE.