Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Govt loses ₹1,113 cr as IDFC First Bank shares tank 20% after ₹590-crore fraud by staff
short by Bhawana Chaudhary / on Monday, 23 February, 2026
IDFC First Bank's shares crashed 20% to hit the lowest level since October on Monday, wiping off crores from wealth of investors, including LIC and Government of India. This comes after the lender disclosed a ₹590-crore fraud committed by its employees in Haryana government-linked accounts. Government of India, which holds 7.75% stake, lost ₹1,113.83 crore as shares hit lower circuit.
read more at Livemint