IDFC First Bank Shares See Mild Recovery Today After Fraud-Induced Selloff

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IDFC First Bank Shares Recover After Fraud Fallout, Reassures Investors

IDFC First Bank

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Moneycontrol•24-02-2026, 10:12

IDFC First Bank Shares Recover After Fraud Fallout, Reassures Investors

•IDFC First Bank shares saw a mild recovery today after a steep selloff triggered by a Rs 590-crore fraud disclosure.
•The bank's stock edged higher by about 1 percent, stabilizing after Monday's nearly 16 percent drop.
•Managing Director and CEO V Vaidyanathan stated the incident was isolated to specific Haryana government accounts at one Chandigarh branch and not systemic.
•Brokerage assessments estimate the potential impact at roughly 20 percent of FY26 profit before tax, but only about 1 percent of net worth.
•IDFC First Bank has suspended four employees, filed a police complaint, and appointed KPMG for a forensic audit, while RBI monitors the situation.

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IDFC First Bank share price : सोमवार को यह लगभग 16 फीसदी नीचे बंद हुआ था और इंट्राडे में 20 फीसदी का लोअर सर्किट लगा था। मौजूदा लेवल पर, बैंक का मार्केट कैपिटलाइज़ेशन 60,000 करोड़ रुपये से ज़्यादा है

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