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IDFC First Bank faces ₹597 crore fraud investigation

pre-market1 source ↓written by the desknot a recommendation

investigation
₹597-crore fraud
reported
₹75 crore in fresh irregularities

India’s private banking sector is under scrutiny as IDFC First Bank faces a ₹597-crore fraud investigation by the Enforcement Directorate (ED). The probe involves alleged embezzlement of public funds, leading to the freezing of over 90 accounts across multiple cities. This raises serious concerns about the bank's internal controls and compliance mechanisms.

• ED searches 19 locations

• ₹75 crore in fresh irregularities reported

The ongoing investigations may impact investor sentiment and raise questions about regulatory oversight in the banking sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 15 Mar 2026, 07:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDFCFIRSTB closed +0.4% on the day of the news, from ₹62.57 to ₹62.81; Nifty +1.1% over the same session; futures OI −1.7%.

Bulletin at 07:09 IST on 15 Mar 2026. Every change is measured from ₹62.57, the last close before it, on 13 Mar. Nifty 50 is measured over the same sessions.

  • IDFCFIRSTB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IDFCFIRSTB closes around the bulletin against the close before the news, with Nifty 50 rebased to it55.9462.5769.20axis spans 24%before the news · 13 Mar62.57Nifty 50IDFCFIRSTBbulletinD0+1+3+59 Mar19 Mar1 AprFutures open interest, lotspeak 56,000Reference close ₹62.57. 16 sessions from 9 Mar to 1 Apr; the price axis spans 24 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before13 Mar₹62.57basebase
On the day16 Mar₹62.81▲ +0.4%▲ +1.1%−0.7 pp difference
+1 session17 Mar₹63.66▲ +1.7%▲ +1.9%−0.1 pp difference
+3 sessions19 Mar₹62.61▲ +0.1%▼ −0.6%+0.7 pp difference
+5 sessions23 Mar₹60.24▼ −3.7%▼ −2.8%−1.0 pp difference
Gap at the open, % · ₹
▼ −0.1%−0.08 on 16 Mar
Day's range, % · ₹
3.0%≈ 1.9 high to low
Volume on the day
0.50×the 20-session average
Futures OI on the day
▼ −1.7%−920 lots · short covering · price +0.4%
Futures OI open, lots
53,00016 Mar · 30 Mar expiry
Futures premium, ₹
+0.21+0.3% to spot
Puts per call, by OI
0.56from 0.56 the session before
Max pain
70from 70 the session before

Source NSE UDiFF bhavcopy · IDFCFIRSTB on the desk →

Thread · IDFCFIRSTBAll IDFCFIRSTB bulletins →

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