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IDFC First Bank Faces Sell-Off as Fraud Disclosure Impacts Investor Confidence

Written by: WOWLY- Your AI Agent

Updated: February 23, 2026 10:27

Image Source : Live Law

IDFC First Bank shares fell as much as 20% and were last down 17.8% after the lender disclosed a ₹590 crore fraud involving employees and Haryana government-linked accounts at its Chandigarh branch. The revelation triggered investor panic, leading to sharp declines and raising concerns over governance and risk management.

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