IDFC First Bank Q4 profit rises 5% as provisions fall, but a Chandigarh fraud hits operations hard

Published on 26 April 2026

A Rs 645 crore fraud was fully expensed this quarter

IDFC First Bank posted a modest 5% rise in Q4 net profit, supported by a 40% drop in provisions. But performance took a hit after a Rs 645-crore fraud at its Chandigarh branch. The bank fully expensed the impact in the quarter, dragging operating profit down 42% despite the improved provisioning trend.

Q4 net profit edged up 5% with provisions down 40%
A Rs 645-crore fraud at Chandigarh dented operations
Operating profit fell 42% after full quarterly expense of impact
Profit strength masked by a sharp hit to operating performance

#banking #idfc first bank #profit #q4 results #fraud

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

IDFC First Bank Q4 profit rises 5% as provisions fall, but a Chandigarh fraud hits operations hard

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