IDFC First Bank tanks 16% on ₹590 crore fraud; AU Bank slips 7% on Haryana de-empanelment

IDFC First Bank shares were among the worst performers on Dalal Street on Monday afternoon, plunging nearly 16 per cent to ₹70.26 on the NSE after the lender disclosed unauthorised and fraudulent activities at its Chandigarh branch involving Haryana government accounts worth approximately ₹590 crore. The bank, in a regulatory filing dated February 21, 2026, said discrepancies were noticed when a Haryana government department sought closure of its account and transfer of funds. Subsequent engagement with oth ...