IDFC First Bank has paid a net principal amount of ₹645 crore to clients affected by an incident at its Chandigarh branch, ₹55 crore more than the initial estimate of ₹590 crore disclosed earlier. The bank confirmed that all claims pertain to the same incident and are linked to the same branch, with no other pending claims as of 10 March 2026.
The bank has completed reconciliation of all relevant accounts at the Chandigarh branch and reported no further discrepancies. No additional claims have been received from any other entity across the country since 25 February 2026. The bank stated it will continue pursuing actions against the perpetrators to recover the dues.
Despite the incident, IDFC First Bank’s total deposit balance remained stable at ₹2,92,381 crore as of 28 February 2026, compared to ₹2,91,133 crore as of 31 December 2025. The bank characterised the matter as an isolated incident and thanked customers for their understanding.
The average Liquidity Coverage Ratio (LCR) for the ongoing quarter until 28 February 2026 stood at a comfortable 114 per cent. The bank anticipates growth in deposits and loans going forward, broadly in line with past trends.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).