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IDFC First Bank shares fall after CBI conducts searches, lender shares update on Rs 646 crore fraud case

Posted on June 8, 2026
By Business News Today
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1 min read

IDFC First Bank shares fall after CBI conducts searches, lender shares update on Rs 646 crore fraud case

IDFC First Bank shares dipped as the CBI conducted searches in connection with a Rs 646 crore fraud case. A forensic review by KPMG confirmed collusion involving bank employees, government officials, and third parties. The bank has compensated the affected government departments and is cooperating with authorities.