IDFC FIRST Bank Settles Chandigarh Fraud Claims at Rs 645 Crore

IDFC FIRST Bank Limited has finalized payments totaling Rs 645 crore in principal amount to settle claims from its Chandigarh branch fraud incident, exceeding initial estimates of Rs 590 crore by Rs 55 crore.

This resolution covers the same event previously disclosed on February 21, 22, and 24, 2026, involving specific Haryana government-linked accounts, with full reconciliation completed and no further discrepancies or claims noted since February 25, 2026. The bank continues pursuing recovery actions against perpetrators while confirming stability across other branches nationwide.

Deposits remain robust at Rs 2,92,381 crore as of February 28, 2026, up from Rs 2,91,133 crore on December 31, 2025, with quarterly average LCR at a comfortable 114%. Management anticipates continued deposit and loan growth aligned with historical trends.

Shares of IDFC First Bank Limited was last trading in BSE at Rs. 66.30 as compared to the previous close of Rs. 67.29. The total number of shares traded during the day was 2622093 in over 22872 trades.

The stock hit an intraday high of Rs. 67.88 and intraday low of 65.90. The net turnover during the day was Rs. 175261054.00.

Source : Equity Bulls

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IDFCFirstBank INE092T01019 Settlement Chandigarh FraudClaims