IDFC First Bank Returns ₹583 Cr But Shares Struggle

[{ "selector": ".laase-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 291px)) scale(0.15)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".rdxic-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Swift Repayment Made:

IDFC First Bank paid ₹583 crore principal plus interest to Haryana govt within 24 hours after detecting ₹590 crore fraud at Chandigarh branch.

[{ "selector": ".sfofr-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".nsrkz-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Employee Collusion Suspected:

Preliminary findings show branch employees fraudulently cleared forged instruments, potentially colluding with external parties. Four employees suspended, FIR registered under Prevention of Corruption Act.

[{ "selector": ".gpfmd-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".ummau-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Why Shares Aren't Rising:

Despite repayment, ICICI Securities cut target 18% to ₹80, downgraded to 'Add'. Fraud points to internal control gaps, risks government business prospects.

[{ "selector": ".tokot-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".umeln-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }] Click Here

Financial Impact Manageable:

₹590 crore equals 1.3% net worth, 19 bps of risk-weighted assets. Worst-case provisioning would hit Q4 FY26 profit 56%. Bank has ₹165 crore contingent provisions.

[{ "selector": ".qjijz-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".iqafa-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

De-Empanelment Risk:

Haryana de-empaneled bank from government business. Government deposits constitute 8-10% total deposits. Incident clouds future float and fee income from state contracts.

[{ "selector": ".kndam-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".tckil-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

With Our Subscription Plans

[{ "selector": ".rxtmx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".krtki-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".lqlrw-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-299px)", "opacity": "1", "visibility" :"visible" }, {"offset": 1, "transform": "translateX(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".idxsx-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-33px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }] Open Demat A/C

IDFC First Bank Returns ₹583 Cr But Shares Struggle

Swift Repayment Made: IDFC First Bank paid ₹583 crore principal plus interest to Haryana govt within 24 hours after detecting ₹590 crore fraud at Chandigarh branch.

Employee Collusion Suspected:Preliminary findings show branch employees fraudulently cleared forged instruments, potentially colluding with external parties. Four employees suspended, FIR registered under Prevention of Corruption Act.

Why Shares Aren't Rising: Despite repayment, ICICI Securities cut target 18% to ₹80, downgraded to 'Add'. Fraud points to internal control gaps, risks government business prospects.

Financial Impact Manageable: ₹590 crore equals 1.3% net worth, 19 bps of risk-weighted assets. Worst-case provisioning would hit Q4 FY26 profit 56%. Bank has ₹165 crore contingent provisions.

De-Empanelment Risk: Haryana de-empaneled bank from government business. Government deposits constitute 8-10% total deposits. Incident clouds future float and fee income from state contracts.