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IDFC FIRST Bank reports ₹590 crore fraud in Chandigarh

after close1 source ↓written by the desknot a recommendation

at its Chandigarh
₹590 crore fraud

IDFC FIRST Bank disclosed a ₹590 crore fraud at its Chandigarh branch, following discrepancies identified during a government account closure request. The bank is assessing the impact based on further validations and potential recoveries from fraudulent beneficiary accounts. This incident may affect investor sentiment and raise concerns over operational controls.

• Fraud amount: ₹590 crore

• Investigation ongoing

• Legal recovery process initiated

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 22 Feb 2026, 16:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDFCFIRSTB closed −16.1% on the day of the news, from ₹83.51 to ₹70.04; Nifty +0.6% over the same session; futures OI +41.3%.

Bulletin at 16:08 IST on 22 Feb 2026. Every change is measured from ₹83.51, the last close before it, on 20 Feb. 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 it66.7679.5692.36axis spans 38%before the news · 20 Feb83.51Nifty 50IDFCFIRSTBbulletinD0+1+3+516 Feb26 Feb10 MarFutures open interest, lotspeak 55,000Reference close ₹83.51. 16 sessions from 16 Feb to 10 Mar; the price axis spans 38 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 %
Before20 Feb₹83.51basebase
On the day23 Feb₹70.04▼ −16.1%▲ +0.6%−16.7 pp difference
+1 session24 Feb₹70.97▼ −15.0%▼ −0.6%−14.4 pp difference
+3 sessions26 Feb₹72.81▼ −12.8%▼ −0.3%−12.5 pp difference
+5 sessions2 Mar₹71.78▼ −14.1%▼ −2.8%−11.3 pp difference
Gap at the open, % · ₹
▼ −10.0%−8.35 on 23 Feb
Day's range, % · ₹
10%≈ 8.4 high to low
Volume on the day
26.18×the 20-session average
Futures OI on the day
▲ +41.3%+13,000 lots · short build-up · price −16.1%
Futures OI open, lots
44,00023 Feb · 24 Feb expiry
Futures premium, ₹
−0.09−0.1% to spot
Puts per call, by OI
0.69from 0.78 the session before
Max pain
77from 83 the session before

Source NSE UDiFF bhavcopy · IDFCFIRSTB on the desk →

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