IDFC First Bank is set to raise ₹7,500 crore through CCPS, with Warburg Pincus and ADIA investing ₹4,876 crore and ₹2,624 crore respectively. This move aims to bolster the bank’s capital adequacy as it focuses on expanding its infrastructure and new business segments.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India