IDFC First Bank has received approval for an equity investment of upto Rs 250 crore comprising upto 25 crore equity shares at a price of Rs 10 each and face value of Rs 2 each, under the proposed Scheme of Reconstruction of Yes Bank. The duly authorized committee of the board of director of the bank approved the same on March 14, 2020.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.