RBI acknowledges Currant Sea's right to appoint IDFC FIRST Bank director

IDFC FIRST Bank Limited today confirmed that the Reserve Bank of India (RBI) has acknowledged Currant Sea Investments B.V.'s right to appoint one non-executive director to the bank's board of directors. This acknowledgment follows an Amendment Agreement dated July 3, 2025, to an earlier Investment Agreement from April 17, 2025, between the bank and Currant Sea Investments B.V., an affiliate of Warburg Pincus.

The RBI formally recorded this development through a letter received on September 18, 2025. As a result, the investor, Currant Sea Investments B.V., will have the prerogative to appoint a non-executive director, who will be subject to retirement by rotation, to the board of directors of IDFC FIRST Bank. This disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.