India's IDFC First Bank tanks 20% on suspected US$65 mil fraud - News Summed Up

India's IDFC First Bank tanks 20% on suspected US$65 mil fraud


IDFC First Bank, a mid-sized lender, has attracted investments from the likes of Warburg Pincus and Abu Dhabi Investment Authority last year. The government notification did not share any information on why AU Small Finance Bank has been removed from the list. AU Small Finance said Haryana had sought information on transactions in an account, which has been submitted. "Based on available facts at this stage and preliminary review, there is no indication of any financial impact or any fraudulent activity towards the Bank," AU Small Finance Bank said in a statement to exchanges. Shares of AU Small Finance Bank fell as much as 7.74% in their steepest percent loss in more than a year.


Source: The Edge Markets February 23, 2026 04:38 UTC



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