IDFC First Bank Limited has informed the Exchange regarding 'Announcement under regulation 30 - Update'.
IDFCFIRSTB · price
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IDFC First Bank has paid out 100% of the principal and interest (net INR 583 crore) to Haryana Government departments in connection with a fraud matter, even while the investigation into the perpetrators is still ongoing. The bank said it did not hold up the payment as a matter of principle and is now working with law enforcement to pursue the fraudsters and recover its dues. The bank also shared its financial snapshot as of 31 December 2025, highlighting total customer business of INR 5,62,090 crore (up 22.6% year-on-year), GNPA of 1.69%, net NPA of 0.53%, capital adequacy of 16.22%, and NIM of 5.76%. Credit ratings remain strong at AAA (CRISIL) for fixed deposits and AA+ from multiple agencies. The bank reiterated that with the microfinance situation behind it, it expects to be firmly back on a profit growth trajectory from FY27 onwards.
The INR 583 crore payout is a meaningful near-term hit, but the bank's strong capital adequacy, healthy asset quality, and top-tier credit ratings suggest it can absorb the loss without stress. The proactive, principle-based stance may actually boost the bank's reputation for governance and customer-first banking, though recovery from the perpetrators remains uncertain.