After successfully raising Rs 3,000 crore in equity capital through a Qualified Institutional Placement (QIP), IDFC First Bank now plans to secure a similar amount through debt capital via Tier II bonds. The bank recently obtained an “AA+/Stable” rating from CRISIL for the proposed Basel III compliant Tier-II bonds, indicating robust capitalization levels and affirming confidence in the bank’s growth trajectory. The move follows the bank’s strategic approach to bolster its capital adequacy, supporting business expansion. The infusion of funds contributes to IDFC First Bank’s healthy capital position, fostering resilience and fortifying its ability to navigate market dynamics.