IDFC First Bank has provided an update on the Chandigarh branch incident, disclosing an incremental principal payout of ₹55 crores above initial estimates. The bank communicated this development to stock exchanges, confirming that all claims are related to the same incident at the same branch and are not new incidents.

Revised Payout Details

The bank has clarified the financial impact of the Chandigarh branch incident with updated figures:

IDFC First Bank emphasized that these claims pertain to the same incident linked to the Chandigarh branch and do not represent a new incident. The bank confirmed that no other pending claims exist and stated it has made payments to concerned clients following its principled approach to ensure client payments are honored.

Recovery Actions and Operational Status

The bank has confirmed it will keep taking action against the perpetrators to recover funds. The bank has completed reconciliation of all relevant accounts at the Chandigarh branch, with no further discrepancies noted. No additional claims have been received from any other entity across the country.

Financial Position Remains Stable

Despite the incident, the bank's deposit base has shown stability and marginal growth:

The bank thanked customers for their understanding, characterizing this as an isolated incident linked to one branch in Chandigarh. The average Liquidity Coverage Ratio remained comfortable at 114.00%.

Future Outlook

IDFC First Bank anticipates growth in deposits and loans going forward, broadly in line with past trends. The bank's communication suggests confidence in maintaining operational stability despite the financial impact of the Chandigarh branch incident.

IDFC First Bank Limited has appointed KPMG to conduct an independent forensic audit, the bank announced in a regulatory filing dated February 22, 2026. This appointment follows the bank's previous disclosure dated February 21, 2026, where it had indicated that it was in the process of selecting an independent external agency for this purpose.

Regulatory Compliance and Disclosure

The appointment has been disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with the SEBI Master Circular dated January 30, 2026.

Documentation and Transparency

In compliance with Regulation 46(2) of the SEBI Listing Regulations, the bank has uploaded this disclosure on its official website at www.idfcfirst.bank.in . The disclosure was signed by Satish Gaikwad, General Counsel and Company Secretary of IDFC First Bank Limited.

The bank's communication to both the National Stock Exchange of India Limited and BSE Limited ensures comprehensive regulatory compliance across major stock exchanges where the bank's shares are listed.