IDFC First Bank Shares Crash 20% To ?66.80 After ?590-Crore Fraud, Govt Loses ?1,100 Crore & LIC ?340 Crore In A Day
IDFC First Bank Shares Crash 20% To ?66.80 After ?590-Crore Fraud, Govt Loses ?1,100 Crore & LIC ?340 Crore In A Day is drawing significant interest across the industry.
IDFC First Bank shares fell 20 percent to Rs 66.80 after disclosing a Rs 590-crore fraud at its Chandigarh branch. The crash wiped out over Rs 14,300 crore in market value. The Government of India lost about Rs 1,100 crore, while LIC faced a Rs 340-crore notional loss.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
Related Articles
- Former ACT Brumbies coach Andy Friend's tribute to a rugby great
- Renault 4 E-Tech review - the people’s electric car?
- Sunview unit bags RM289.71mil contract for solar PV plant in Bintulu
- Forests Are Warning Us About Drought, and the Signal Is Hidden in Their Trunks
Source: Original →