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IDFC First Bank shares worth nearly ₹1,400 crore change hands as stock tanksAs many as 27.9 lakh retail shareholders own shares of IDFC First Bank. IDFC First Bank does not have any promoter holding at the end of the December quarter. As many as 34 Mutual Fund schemes have 10.9% stake in the lender, while insurance companies own another 10.8%.By Hormaz Fatakia   February 23, 2026, 10:12:08 AM IST (Updated)2 Min ReadShares of IDFC First Bank have seen multiple block deals taking place on Monday, February 23, after the stock has seen its biggest single-day fall in the last six years.

As many as 20 crore shares of the lender, amounting to 2.7% of its outstanding equity has changed hands in multiple block deals on Monday, according to available data.

Shares changed hands at an average price of ₹67 per share, taking the total transaction value to ₹1,390 crore. Buyers and sellers in the transaction are yet to be disclosed.

IDFC First Bank shares have seen the biggest single-day fall since March 2020 after it reported a ₹590 crore fraud in its Chandigarh branch. The management, in its conference call earlier in the day, assured the street that the incident is confined only to one branch and customer, and that checks and balances are in place.

The lender has also appointed KPMG to carry out an independent forensic audit to the incident.

IDFC First Bank does not have any promoter holding at the end of the December quarter. As many as 34 Mutual Fund schemes have 10.9% stake in the lender, while insurance companies own another 10.8%.

The government also has a 7.75% stake in IDFC First Bank, while retail investors, or those with authorized share capital of up to ₹2 lakh, have a 15.06% stake in the lender. As many as 27.9 lakh retail shareholders own shares of IDFC First Bank.

After plunging to lows of 20%, shares of IDFC First Bank are trading 17.7% lower at ₹68.74.Continue ReadingFirst Published: Feb 23, 2026 10:07 AM ISTTagsBlock dealsIDFC FirstIDFC First Bankshare market today