IDFC First Bank Pays INR 583 Crore to Haryana Government Despite Ongoing Fraud Investigation

IDFC First Bank Ltd. has paid INR 583 crore to the relevant departments of the Haryana Government, which includes the principal and interest claimed, despite an ongoing investigation in the matter. The payment was made in accordance with the bank's principle-based approach, which prioritizes customer interests. The bank remains committed to working with the Haryana Government departments and law enforcement agencies to pursue actions against the perpetrators and recover its dues. As of December 31, 2025, the bank has a strong financial position with high asset quality, strong capital adequacy, and a growing customer base. The bank is currently in an investment stage, focusing on building out products, technology, distribution, and other universal banking solutions. The bank expects to be strongly back in the trajectory of profits from FY’27 onwards.