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.

Official Regulatory Communication

The bank issued formal notification IDFCFIRSTBANK/SD/288/2025-26 dated February 22, 2026, to both stock exchanges. The communication was addressed to NSE and BSE, maintaining the bank's commitment to regulatory compliance and transparent stakeholder communication.

Conference Call Details

The 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.

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

Corporate Governance and Compliance

The communication was digitally signed by Satish Gaikwad, General Counsel and Company Secretary, on February 22, 2026. This demonstrates the bank's adherence to proper corporate governance practices and regulatory requirements for investor communications under Regulation 30 of SEBI guidelines.

IDFC FIRST Bank has disclosed unauthorized fraudulent activities involving approximately ₹590 crore at its Chandigarh branch through a regulatory filing under Regulation 30 of SEBI Listing Regulations. The fraud involves certain employees at the branch potentially in collusion with other individuals and entities, specifically affecting accounts held by Haryana Government departments.

Fraud Discovery and Scope

The bank identified the incident following 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 differences.

Immediate Actions Taken

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

Governance and Investigation Process

The bank has activated its formal governance mechanisms to handle the situation. A meeting of the Special Committee of the Board for Monitoring and Follow-up of Cases of Frauds was convened on February 20, 2026. Subsequently, meetings of the Audit Committee and Board of Directors were held on February 21, 2026 to review the matter.

The bank has also sent recall requests to beneficiary banks to mark liens on suspicious accounts held in these institutions. An independent forensic audit is being commissioned to conduct a thorough examination of the fraudulent activities.

Recovery and Impact Assessment

The final impact on IDFC FIRST Bank will depend on several factors including validation of claims, recoveries through lien marking on fraudulent beneficiary accounts maintained with other banks, liabilities of other entities involved in fraudulent transactions, and the legal recovery process. The bank emphasized that the matter is confined to specific government-linked accounts within Haryana Government operated through the Chandigarh branch and does not extend to other customers.

The bank has assured full cooperation with investigating agencies and regulatory authorities. The disclosure has been made in compliance with SEBI Listing Regulations and uploaded on the bank's official website as required under regulatory guidelines.