IDFC First Bank shares fall as CBI probes ₹646-cr fraud case

IDFC First Bank shares slipped nearly 1% on June 8 after the CBI conducted searches in connection with an alleged ₹646-crore fraud involving government funds. The bank said a forensic review by KPMG found collusion involving employees, government officials and third parties. It added that affected government departments have been compensated and it is cooperating with authorities.