IDFC First Bank shares tumble after ₹590-cr fraud at Chandigarh branch

Shares of IDFC First Bank tumbled as much as 20% on Monday after the lender disclosed over the weekend that a ₹590-crore fraud had occurred at its Chandigarh branch involving Haryana government-linked accounts, prompting the Reserve Bank of India to step in with assurances that there was no systemic risk.The stock fell sharply in early trade on the National Stock Exchange, slipping nearly 20% intraday to around ₹66.80 per share before trimming some losses.According to the bank, the fraud pertains to a parti ...