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News Topical, Digital Desk : IDFC First Bank Shares Fall Down : IDFC First Bank shares saw a sharp decline on Monday. Investor confidence weakened after the discovery of a fraud of approximately ₹590 crore at the bank's Chandigarh branch, a result that was clearly visible in the stock market. As soon as the news broke, the bank's shares fell by nearly 20 percent during the day's trading.
During trading, IDFC First Bank shares fell to ₹66.8, their lowest level since June 2025. Meanwhile, the Nifty 50 index was trading with a gain of approximately 0.65 percent at the same time. So far in 2026, the bank's shares have fallen by approximately 22 percent, while the Nifty 50 has seen a decline of only 1.6 percent during the same period.
The bank stated that immediate action was taken after irregularities were detected at a branch in Chandigarh. An investigation has been initiated and four branch employees have been suspended. The bank stated that it is cooperating with the investigation in compliance with regulatory requirements and is taking necessary steps to limit losses.
The impact of this news was not limited to IDFC FIRST Bank. Other banking sector stocks also came under pressure, with AU Small Finance Bank shares falling by nearly 6 percent. Investors are concerned that such cases could raise questions about trust and risk management in the banking system. Due to heavy selling, IDFC FIRST Bank's total market cap fell to approximately ₹57,485.6 crore.
Market experts say that the progress of the investigation and the steps taken by the bank will determine the stock's direction in the coming days. Stay tuned to CNBC Awaaz for all updates on this news. Here you will receive every minute update on this news.
Read More: Big news for IDFC Bank holders, RBI Governor said – banking system is completely safe
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