IDFCFIRSTB

IDFC First Bank share price slipped 20% on Monday after the private lender disclosed a suspected fraud amounting to ₹590 crore at its Chandigarh branch, raising concerns about the potential impact on its earnings. The private lender disclosed that employees at its Chandigarh branch had carried out unauthorized transactions in accounts linked to the Haryana state government, creating a deposit balance discrepancy of approximately ₹590 crore.