What is the IDFC First Bank scam and who is investigating it?

Authorities allege forged debit memos were used to divert funds, with Haryana’s Anti-Corruption Bureau arresting 11 people and freezing over 100 accounts in a ₹590 crore case. Chandigarh police also filed an FIR over ₹75 crore irregularities linked to CREST, and the MC is reviewing fake fixed deposits. Findings are pending.

How could the Haryana ACB probe impact investors today?

Probes elevate compliance and reputational risk, which can increase volatility and depress valuation multiples. With price at ₹62.57 and RSI at 24.74, conditions look oversold but trends remain weak. Expect headline sensitivity until authorities and the bank provide clearer updates on losses, controls, and any remedial steps.

What trading levels matter now for IDFC First Bank?

Key references include the lower Bollinger Band at ₹60.82, the 200-DMA near ₹76.30, and the 50-DMA around ₹80.16. ATR of 2.69 signals wide daily ranges. Until price reclaims moving averages on strong volume, bounces risk fading. Manage position size and stops around these levels.

What should investors monitor over the next week?

Track official statements from Haryana ACB, Chandigarh police, and the Municipal Corporation. Watch any RBI-related communications, bank disclosures on controls, and evidence of provisions. Price action near ₹60.82 and volume versus the 4.69 crore average can confirm risk appetite shifts as the investigation headlines evolve.

Law and Government

IDFCFIRSTB.NS Stock Today: March 13 Probe Widens in Rs 590 Crore Scam

ByDanny Kontos March 13, 2026March 13, 2026

The IDFC First Bank scam is back in focus today as enforcement actions expand across states. Haryana’s Anti-Corruption Bureau has arrested 11 people and frozen over 100 accounts in a ₹590 crore case involving forged debit memos. Chandigarh police filed a separate FIR over ₹75 crore irregularities in CREST’s accounts, while the MC widened its fake fixed deposits inquiry. Shares of IDFCFIRSTB.NS trade at ₹62.57, down 5.43% today, and 24.33% year-to-date. We explain what this means for risk, valuation, and trading levels investors in India should watch now.