3 months ago
4
IDFC First Bank connected Tuesday (March 10, 2026) said it has settled fraud claims astatine a Chandigarh branch astatine ₹645 crore and has recovered nary further discrepancies.
Private assemblage IDFC First Bank had past period disclosed a ₹590 crore fraud committed by definite employees and others astatine a peculiar subdivision successful Chandigarh successful a circumstantial acceptable of Haryana State Government accounts.
In a regulatory filing connected Tuesday (March 10), the slope said against the archetypal main estimation of ₹590 crore, it has received claims and paid the nett main magnitude of ₹645 crore, which is ₹55 crore much than the archetypal estimates.
“These claims pertain to the aforesaid incidental and linked to the aforesaid subdivision and not a caller incident. There are nary different pending claims,” IDFC First said, adding that it would proceed to prosecute actions against the perpetrators to retrieve the dues.
The Bank further said that it has completed reconciliation of each applicable accounts and did not announcement immoderate further discrepancies.
“No different claims person been received from the said Chandigarh branch, from immoderate different entity crossed the state since February 25, 2026,” it added.
IDFC First said the bank’s full deposit equilibrium continued to stay unchangeable and stood astatine ₹2,92,381 crore arsenic of February 28, 2026, compared to ₹2,91,133 crore arsenic of December 31, 2025.
The slope anticipates maturation successful deposits and loans going forward, broadly successful enactment with the past trends, the slope said.
Shares of IDFC First Bank were trading astatine ₹67.17, up 0.61% implicit erstwhile adjacent connected BSE.
