New Delhi, Feb. 23 -- IDFC First Bank share price crashed 20% to hit the lowest level since October 2025 on Monday, wiping off millions from investors' wealth, including Life Insurance Corporation and the government of India who are among its top shareholders.

The fall in IDFC First Bank shares followed reports of a Rs.590-crore fraud, raising concerns of earnings impact for the lender and greater scrutiny.

IDFC First Bank shares opened at Rs.75.16 apiece on the National Stock Exchange (NSE), down 10% compared to the last closing price of Rs.83.51. Selling pressure intensified, dragging the private lender's stock 20% lower to Rs.66.80.

In an exchange filing on Saturday night, IDFC First Bank announced unauthorised and fraudulent activi...