IDFC First Bank Pays ₹645 Crore in Chandigarh Branch Incident, Exceeding Estimates
IDFC First Bank paid ₹645 crore for a Chandigarh branch incident, exceeding the initial ₹590 crore estimate by ₹55 crore. The bank has completed reconciliation and received no further claims. Total deposits were ₹2,92,381 crore as of Feb 28, 2026, with an average LCR of 114%.
The incident and payout are significant but appear contained to a single branch. The bank's financial stability metrics (deposits, LCR) remain strong, mitigating a higher impact.
While the bank is making good on client payments and pursuing perpetrators, the incident itself and the incremental payout represent a negative event. However, the stable deposit base and comfortable LCR indicate resilience.
IDFC First Bank Limited has provided an update regarding an incident at its Chandigarh branch. Further to previous disclosures, the bank has paid a net principal amount of ₹645 crore against claims, which is ₹55 crore more than the initial estimate of ₹590 crore.
This incremental payout pertains to the same incident and branch, and there are no other pending claims. The bank has made this payment in line with its principled approach to ensuring client payments are made good. IDFC First Bank stated that it will continue to pursue actions against the perpetrators to recover its dues.
The bank has completed the reconciliation of all relevant accounts in the Chandigarh branch and noted no further discrepancies. No other claims have been received from any other entity across the country since February 25, 2026.
Furthermore, IDFC First Bank's total deposit balance remained stable, standing at ₹2,92,381 crore as of February 28, 2026, compared to ₹2,91,133 crore as of December 31, 2025. The average Liquidity Coverage Ratio (LCR) for the ongoing quarter until February 28, 2026, was comfortable at 114%. The bank anticipates growth in deposits and loans going forward, broadly in line with past trends.
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IDFC First Bank Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by IDFC First Bank Limited. Read the original for the full detail.