IDFC First Bank stock 15% down already, Aur kitna niche ? | ₹950 crore fraud reported | Panic or Buying Opportunity?

💬 Discussion

So, IDFC First Bank has disclosed a suspected ₹590 crore fraud at its Chandigarh branch involving accounts linked to the Haryana government. This was discovered when discrepancies showed up during a closure/transfer request. Four employees have been suspended, a police complaint has been filed and the bank has appointed KPMG for an independent forensic audit to get to the bottom of the issue. Markets have started to react already. 15% down since morning.

Will want to see audit findings and any regulatory actions next. This was one of my favorite picked stock😔.

How is everyone else seeing this !

Posted Feb 23, 2026, 5:56 AM UTC

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