IDFC First Bank has paid ₹645 crore to settle claims related to a suspected fraud involving accounts of entities related to the northern state of Haryana, the mid-sized private bank said on Tuesday.
Here are some details:
* The mid sized lender said it has paid ₹55 crore more than its initial estimate of ₹590 crore.
* The updated claims are for the same incident and no new material claims have emerged.
* IDFC First said it had completed reconciliation of all relevant accounts at the branch and had found no further discrepancies.
* The private bank anticipates growth in deposits and loans broadly in line with past trends.
* The lender said there were no other pending claims and that no other claims have been received across the country since February 25, 2026.
Published on March 10, 2026
