IDFC First Bank shares plunge after fraud disclosure linked to Haryana accounts - Telegraph India - News Summed Up

IDFC First Bank shares plunge after fraud disclosure linked to Haryana accounts - Telegraph India


Shares of IDFC First Bank plunged 16.18 per cent on Monday after the lender disclosed a ₹590-crore fraud linked to Haryana government accounts, allegedly involving collusion between bank staff and external individuals. IDFC First Bank has informed its board, the Reserve Bank of India and statutory auditors about the development. AU Small Finance BankAU Small Finance Bank has denied any wrongdoing in connection with the alleged fraud involving Haryana government-linked accounts. The Haryana government has de-empanelled both AU Small Finance Bank and IDFC First Bank from undertaking government business. Shares of AU Small Finance Bank fell 5.2 per cent on the BSE on Monday.


Source: The Telegraph February 24, 2026 03:30 UTC



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