Mint

IDFC First Bank fraud: 4 arrested in ₹590-crore case; here’s how they allegedly executed the scam

Four people have been arrested in the ₹590-crore IDFC First Bank fraud case. Haryana’s State Vigilance and Anti-Corruption Bureau made the arrests on 24 February evening as a part of the ongoing ...
Mint

IDFC First Bank shares crash 16% after reporting a fraud— Should you buy, sell, or hold the banking stock?

IDFC First Bank reported a ₹590 crore fraud at its Chandigarh branch with respect to deposits from Haryana Government entities, which raised concerns over the potential earnings impact. As Mint ...
NDTV

IDFC FIRST Bank Detects Rs 590 Crore Fraud In Haryana Government Accounts

IDFC First Bank on Sunday disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government with the private sector lender. In a regulatory filing made in ...
Indiatimes

What is the IDFC First Bank Rs 590 crore fraud case? Explained in 10 points

The scale of the suspected fraud is larger than the bank’s third-quarter net profit of Rs 503 crore. (AI image) IDFC First Bank fraud: A Rs 590 crore fraud, at IDFC First Bank’s Chandigarh branch, has ...
moneycontrol.com

IDFC First Bank: Bearish options bets spike days before Rs 590 crore fraud disclosure

Did our AI summary help? Options data for IDFC First Bank indicated a sharp build-up in bearish positions ahead of the February 24 expiry, prior to the lender’s disclosure of a Rs 590 crore fraud in ...
NDTV

How An Ex Branch Manager Masterminded 590-Crore Fraud At IDFC FIRST Bank

Behind the Rs 590-crore fraud at IDFC FIRST Bank's Chandigarh branch was a former branch manager, and funds from Haryana government departments' accounts were funnelled into an account belonging to a ...
Reuters

IDFC First Bank probes suspected $65 mln fraud in accounts of government entities

NEW DELHI, Feb 22 (Reuters) - India's IDFC First Bank said it was investigating a suspected fraud of $65 million by some employees involving accounts of local government entities and that the bank had ...
The Financial Express

IDFC First Bank says ‘well capitalised, profitability on track’, share price crashes nearly 20%

The IDFC First Bank share price is in the spotlight today, February 23, after the bank disclosed a suspected fraud of around Rs 590 crore at one of its branches in Chandigarh. The share price plunged ...
The Financial Express

IDFC First Bank fraud: Haryana CM says ‘entire amount recovered’- IDFC First Bank deposits Rs 583 crore

The latest in the IDFC First Bank alleged fraud- Haryana Chief Minister Nayab Singh Saini, in an address to the Haryana State Assembly, said that the entire Rs 583 crore has been recovered within 24 ...
Business Line

IDFC First Bank flags ₹590 crore fraud from Chandigarh branch

https://www.thehindubusinessline.com/money-and-banking/idfc-first-bank-flags-590-crore-fraud-from-chandigarh-branch/article70663730.ece Copy IDFC First Bank on Sunday ...
Indiatimes

Explained: How the IDFC First bank Rs 590 cr fraud unfolded

A ‘discrepancy’ of Rs 590 crore across multiple Haryana government accounts led to IDFC bank’s shares crashing 20% and raising questions about how much it would impact the Indian banking sector. The ...
The Hindu

IDFC First Bank fraud case flagged in Haryana Assembly

A day after the IDFC First Bank Limited revealed a ₹590 crore fraud linked to the Haryana government’s accounts, the Opposition Congress party on Monday (February 23, 2026) flagged the issue during ...