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Shares of IDFC First Bank ended Monday’s session 16% lower after the private lender discovered fraudulent activities by its employees at one of its branches in Chandigarh. This was the worst one-day drop for banking stocks since March 2020.Shares of IDFC First Bank closed at Rs 70.09 apiece on Monday. Earlier in the day, the […]
Shares of IDFC First Bank are likely to remain in focus during Monday’s trading session after the lender unearthed a major fraud of Rs 590 crore at its Chandigarh branch.In a regulatory filing, IDFC First Bank said certain employees of its Chandigarh branch were allegedly involved in fraudulent transactions worth Rs 590 crore from accounts […]
