IDFC FIRST Bank Pays ₹645 Crore to Clients Linked to Chandigarh Branch Incident
Additional Claims Increase Compensation Amount
IDFC FIRST Bank on Tuesday said it has paid a net principal amount of ₹645 crore to clients in connection with an incident at one of its branches in Chandigarh, revising its earlier estimate of ₹590 crore.In a regulatory filing to stock exchanges, the bank stated that the total payout rose by ₹55 crore after it received additional claims from affected customers.
Bank Clarifies No New Incident
The lender clarified that the additional claims are linked to the same Chandigarh branch incident and do not indicate a separate case.According to the bank, all claims associated with the matter have now been addressed and there are no other pending claims related to the incident.
The bank added that no fresh claims have been received from any other entity across the country since February 25, 2026.
Recovery Action Underway
IDFC FIRST Bank said the compensation was paid as part of its policy to reimburse affected customers. The bank also confirmed that it will continue to pursue action against those responsible for the incident in an effort to recover the funds.Deposits and Liquidity Remain Stable
The lender reported that its deposit base remained stable during the period. Total deposits stood at ₹2,92,381 crore as of February 28, 2026, compared with ₹2,91,133 crore as of December 31, 2025.The bank also stated that its average liquidity coverage ratio for the ongoing quarter up to February 28 was 114%.
Growth Outlook Unchanged
IDFC FIRST Bank said it expects both deposits and loans to grow broadly in line with historical trends.IDFC FIRST Bank Share Price
Shares of IDFC FIRST Bank were trading at ₹66.80 on Tuesday, up ₹0.04 or 0.06% in the latest trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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