IDFC First Bank shares rise 3% after Haryana CM says Rs 556 crore returned to govt; what lies ahead?

The shares of the lender rose to Rs 72.24 apiece on Tuesday afternoon, before erasing all gains. This comes a day after the stock tumbled 16%, recording its worst single-day drop since March 2020, after the bank discovered fraudulent activity by its employees at one of its branches in Chandigarh.Here’s what Haryana CM said:According to Saini, Rs 556 crore, which includes Rs 22 crore in interest, has been returned within 24 hours. “No one, whether a bank employee, a private individual, or a government offic ...