IDFC First Bank Limited has informed the Exchange regarding Announcement Under Regulation 30 - Update
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Awaiting price reaction for this filing.
IDFC First Bank provided an update on the previously disclosed fraud incident at one branch in Chandigarh. Against an initial estimated principal of ₹590 crore, the bank has now received claims and paid a net principal of ₹645 crore, meaning an incremental payout of ₹55 crore over the original estimate. The bank confirmed these claims relate to the same incident and branch, with no new incidents, no pending claims, and no further discrepancies after completing reconciliation of all relevant accounts. Total deposits remained stable at ₹2,92,381 crore as of February 28, 2026, marginally up from ₹2,91,133 crore on December 31, 2025. The average Liquidity Coverage Ratio for the ongoing quarter stood at a comfortable 114%, and the bank expects deposit and loan growth to continue broadly in line with past trends.
The incremental ₹55 crore payout is a modest negative, but the bank has tried to reassure investors by highlighting that this is an isolated incident, deposits remain stable, and liquidity is comfortable. Short-term sentiment may stay cautious until the matter is fully closed and recoveries from perpetrators are visible.