IDFC First Bank Rout Wipes Out ₹14,000+ Cr in a Day; Institutional Portfolios Take a Hit

Business

Idfc First Bank Rout Wipes Out ₹14,000+ Cr In A Day; Institutional Portfolios Take A Hit

By Republic World

Shares of IDFC First Bank witnessed a sharp sell-off on Monday, plunging 20% to an intraday low of ₹66.85, after the lender disclosed a ₹590-crore fraud linked to accounts operated out of its Chandigarh branch. The fall triggered a massive erosion in ...Read more

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