IDFC First Bank Stays Lower on Rs 590 Crore Haryana Discrepancy

IDFC First Bank stays sharply lower after Haryana-linked account discrepancy disclosure

IDFC First Bank remained sharply lower in afternoon trade on February 23, 2026, and stayed among the day’s high-action stocks. The selling followed the bank’s disclosure of a discrepancy linked to Haryana government accounts.

Intraday volatility remained elevated, and the stock faced sustained pressure through the session. It also hit a lower circuit during the day.

The disclosed discrepancy amount was Rs 590 crore. The decline was not limited to the opening phase, as the stock remained under stress later in the day with heavy churn and sharp price swings. The move stood out among banking stocks because the trigger was company-specific and linked to governance concerns.

Why the market reacted

The reaction was linked to two connected issues:

• A reconciliation mismatch in government-linked accounts.
• A de-empanelment move connected to that business stream.

These developments shifted focus from routine earnings and sector factors to internal controls and process oversight. The stock’s movement through afternoon trade reflected sustained risk repricing tied to the disclosure, rather than a broad-based banking move.

The session also remained event-driven, with headline risk and uncertainty around the near-term impact of the disclosed issue. This kept IDFC First Bank among the most actively discussed and traded counters during the day.

Price and technical snapshot

The technical snapshot below is from the close on February 20, 2026.

• Last traded price: 83.25
• Day change: 0.33%
• Traded volume: 11,581,440
• Average volume: 18,038,953
• RSI (14): 49.51, indicating near-neutral momentum
• MACD line: -0.0888
• MACD signal: -0.0554
• 20-day moving average: 83.42
• 50-day moving average: 83.89

At that close, the stock was below both the 20-day and 50-day moving averages, and both MACD readings were in negative territory.

Closing context

By afternoon, IDFC First Bank remained an event-driven stock after the Haryana-linked account discrepancy disclosure. The combination of the Rs 590 crore discrepancy, reconciliation concerns, and de-empanelment-related developments kept pressure on the counter through the session. The day’s trade reflected a governance-risk reaction centred on company-specific developments, not a routine fluctuation in banking stocks.