IDFC First Bank shares record worst crash since March 2020, end 16% lower

IDFC First Bank ended 16% lower on Monday—their worst fall since March 2020—after the lender uncovered a Rs 590-crore fraud at its Chandigarh branch involving Haryana government-linked accounts. The bank suspended four officials, initiated forensic audits, and filed complaints, while the RBI said the incident poses no systemic risk.