IDFC First Bank Shares Climb Over 3% to Four-Day High, Signaling Potential Recovery After Fraud

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

IDFC First Bank Shares Rebound After Fraud: Is the Worst Over?

Is the worst over for IDFC First Bank? Fraud-hit lender's shares rise over 3% to hit four-day high

M

Moneycontrol•26-02-2026, 14:27

IDFC First Bank Shares Rebound After Fraud: Is the Worst Over?

•IDFC First Bank shares rose over 3% to a four-day high on February 26, following a Rs 590-crore fraud.
•Analysts believe the sharp sell-off has already priced in the worst-case impact, with the bank likely to make a 100% provision for the amount.
•Haryana's State Vigilance and Anti-Corruption Bureau arrested four people, including two former bank employees, in connection with the fraud.
•The bank has returned Rs 583 crore to the Haryana Government, with the Chief Minister confirming recovery of nearly Rs 556 crore.
•Experts suggest high-risk investors can consider buying the stock for a medium-to-long-term view, despite a cut in target price by Emkay.

Read Full Article on Moneycontrol in English

✦

More like this

✦

More like this

IDFC First Bank Shares Crash 20% Amid ₹590 Crore Fraud Revelation

IDFC First Bank Shares Crash 20% Amid ₹590 Crore Fraud Revelation

IDFC First Bank

IDFC First Bank Shares Recover After Fraud Fallout, Reassures Investors

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

IDFC First Bank Shares Recover After Fraud Scare, MD Assures Investors

IDFC First Bank: Shares of IDFC First Bank will be in focus today, after the lender disclosed a ₹590 crore fraud on Sunday. In an exchange filing, the bank said it received a request from a Haryana government department to close its account and transfer funds to another bank. During the process, discrepancies were identified between the amount mentioned in the request and the actual account balance. The matter pertains to the bank's Chandigarh branch. The lender clarified that the issue does not impact other customers and that the financial effect will depend on further information, validation of claims, recoveries, and the legal process.

IDFC First Bank Shares Tank: ₹1,400 Crore Block Deals Amid Fraud Report

HDFC Bank

HDFC Bank: Brokerages say 'buy' despite chairman exit, see up to 55% upside

RBI Governor on IDFC First Bank fraud: 'No systemic issue here'

RBI Governor on IDFC First Bank fraud: 'No systemic issue here'