IDFC FIRST Bank has announced a conference call scheduled for February 23, 2026 at 08:00 AM IST, where the bank's senior management will discuss recent developments. The announcement was made through an official communication to the National Stock Exchange of India Limited and BSE Limited under Regulation 30.

Conference Call Details

The IDFC FIRST Bank conference call is designed to provide stakeholders with insights into the bank's recent developments through direct interaction with senior management. The call is scheduled for a convenient morning time slot to accommodate various participant schedules.

Dial-in Information and Access Options

The bank has provided multiple access options to ensure broad participation in the conference call. Participants can join through universal access numbers or utilize toll-free options available for international participants.

Access Numbers

Pre-registration Process

IDFC FIRST Bank has facilitated a pre-registration system for the conference call to streamline participant access. The pre-registration link has been provided with specific confirmation details to ensure secure access to the call.

Pre-registration Link: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=3487021&linkSecurityString=1c47fda52a

Regulatory Compliance

The conference call announcement demonstrates IDFC FIRST Bank's commitment to regulatory compliance and transparent communication with stakeholders. The formal notification to both NSE and BSE under Regulation 30 ensures proper disclosure of material information to the investment community.

The communication was signed by Satish Gaikwad, General Counsel and Company Secretary, maintaining the bank's standard corporate governance practices for investor communications.

IDFC FIRST Bank has disclosed unauthorized fraudulent activities worth ₹590 crore at its Chandigarh branch involving Haryana government accounts. The bank issued a comprehensive regulatory disclosure on February 21, 2026, detailing the fraud incident and immediate remedial actions taken.

Fraud Discovery and Initial Assessment

The fraudulent activities came to light when the bank received a request from a Haryana Government department for account closure and fund transfer to another bank. During this process, discrepancies were observed between the mentioned amount and actual account balance. From February 18, 2026, onwards, other Haryana Government entities engaged with the bank regarding their accounts, revealing further balance discrepancies.

Scope and Impact Assessment

Based on preliminary internal review, the matter is confined to a specific group of government-linked accounts within Haryana Government operated through the Chandigarh branch and does not extend to other customers. The aggregate amount under reconciliation across identified accounts is approximately ₹590 crore.

Immediate Actions and Governance Response

IDFC FIRST Bank has taken comprehensive action following the fraud discovery. Four suspected officials have been placed under suspension pending investigation, with the bank pursuing strict disciplinary, civil and criminal action against responsible employees and external individuals.

Regulatory Compliance and Investigation

The bank has initiated an independent forensic audit process and informed statutory auditors about the incident. Legal complaints have been filed with police authorities, and the bank has sent recall requests to beneficiary banks to lien mark balances in suspicious accounts.

The bank emphasized that the final impact will be determined based on further information receipt, claim validation, recoveries through fraudulent beneficiary account liens, liabilities of other entities involved, and the legal recovery process. The disclosure was made under Regulation 30 of SEBI Listing Regulations, demonstrating the bank's commitment to transparency and regulatory compliance.