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Sparsh Jindal

25th Feb · SEBI-Registered Analyst

IDFC First Bank Returns ₹583 Crore After Fraud, Stock Remains Weak

IDFCFIRSTB
IDFC First Bank returned ₹583 crore to the Haryana government within 24 hours after a ₹590-crore fraud involving employees. Despite swift repayment, shares stayed weak due to ongoing investigations and uncertainty. Authorities have launched probes, and further recovery actions against those involved are underway.

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