Announced Fri, 5 Jun, 2026 · 22:05 IST
IDFC First Bank confirms Rs 646 crore fraud at Chandigarh branch
IDFCFIRSTB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹72.40
prior close
₹72.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.2+0.4+0.3+1.8+1.0+1.0+6.4+8.1+6.7+9.8+7.6+17.5+19.5
Up moveDown movePending
AI summary
KPMG forensic report confirms fraud of Rs 645.59 crore plus Rs 30.60 crore interest at Sector 32 Chandigarh branch. Caused by collusion between bank employees and ex-employees, government department staff, and third parties. Isolated to one branch. Already paid out and expensed in Q4FY26 books. Bank is a victim, cooperating with law enforcement. 19 accused in custody. Additional controls implemented.
Likely market impact
Financial hit already absorbed in Q4FY26. Isolated to one branch. Core systems intact. Recovery efforts and ED investigation continue.