IDFC First Bank Fraud Case: ₹590 Crore Scam, 4 Arrested in Haryana

The Haryana State Vigilance and Anti-Corruption Bureau has arrested four individuals in connection with a ₹590 crore fraud involving IDFC First Bank. The case pertains to financial irregularities linked to accounts associated with the Haryana government. 

Arrests and Investigation 

The four arrested include two former employees of the bank and two partners of a private firm allegedly connected to suspicious fund movements. Investigators had earlier identified transfers amounting to nearly ₹100 crore directed to a Chandigarh-based firm. A former Panchkula branch manager, who left the bank over six months ago, is considered central to the probe. 

Authorities indicated that the incident was largely confined to a specific branch in Chandigarh and involved a small group of mid-level and junior staff members. 

Recovery and Political Response 

Haryana Chief Minister Nayab Singh Saini informed the state assembly that nearly ₹556 crore, including around ₹22 crore in interest, was restored within 24 hours. He clarified that the full amount concerning Haryana government departments has been credited back. 

Opposition leaders, including Bhupinder Singh Hooda and Rao Narender Singh, have sought a probe by the Central Bureau of Investigation. 

Read More: ED Attaches ₹3,716 Crore Mumbai Home of Anil Ambani Amid ₹40,000 Crore Loan Probe! 

IDFC First Bank Share Price Performance  

As of 26 February 2026, at 12:30 PM, IDFC First Bank share price is trading at ₹72.21 per share, reflecting a gain of 2.83% from the previous closing price. Over the past month, the stock has declined by 3%. 

Conclusion 

With arrests completed and a substantial recovery already made, authorities continue to investigate the wider scope of the ₹590 crore IDFC First Bank fraud case. 

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