Business

⚡IDFC First Bank Share Price Crashes 20% Over INR 590 Crore Fraud As Haryana Govt De-Empanels Lender

By Team Latestly

IDFC First Bank shares crashed 20 per cent today, Feb 23 after a INR 590 crore fraud was unearthed at its Chandigarh branch. The Haryana Government has de-empanelled the bank, ordering an immediate withdrawal of state funds. While the bank has suspended staff and ordered a forensic audit, the stock hit the lower circuit due to governance fears.

Read Full Story
Read All QuickLY