IDFC First Bank Completes Chandigarh Branch Reconciliation; Pays ₹645 Crore to Settle Claims
New Delhi / Chandigarh, March 10, 2026 — IDFC First Bank announced on Tuesday that it has successfully completed the reconciliation of all relevant accounts linked to the recent incident at a single branch in Chandigarh. To resolve the matter, the bank has paid a net principal amount of ₹645 crore to settle all associated claims.
According to a regulatory filing submitted to the stock exchanges, the final payout amount is ₹55 crore higher than the initial estimate of ₹590 crore that was previously disclosed.
All Client Claims Settled
The private sector lender clarified that these payments do not represent a new development but are the final resolutions stemming from the isolated Chandigarh branch incident. The bank confirmed that there are no other pending claims related to this specific matter and that no further discrepancies were found following the comprehensive account reconciliation process.
In its official release, IDFC First Bank emphasized that its decision to promptly settle the claims reflects a “principled approach on this matter of making good the client payments.” With the principal payouts now fulfilled, the bank stated it will aggressively “continue to pursue actions against the perpetrators to recover our dues.”
Broader Operations Remain Stable
Attempting to reassure investors and depositors, the bank highlighted that its broader national operations remain completely unaffected. No similar claims have been reported from any other entity or branch across the country since February 25, 2026.
Despite the substantial payout, the bank’s core financials remain robust. Total deposit balances have shown continued stability, standing at ₹2,92,381 crore as of February 28, 2026—a slight increase from the ₹2,91,133 crore recorded on December 31, 2025.
Furthermore, the bank’s liquidity position is secure, with the average Liquidity Coverage Ratio (LCR) for the ongoing quarter remaining healthy at 114 percent as of late February. Looking ahead, IDFC First Bank anticipates continued, steady growth in both deposits and loans, perfectly in line with its historical performance trends.
