Corporate News

IDFC First Bank Orders Forensic Probe, Brings in KPMG

Bank officials informed stock exchanges on Saturday that IDFC FIRST Bank Limited has hired KPMG to undertake an impartial forensic audit.

This information was disclosed in accordance with the SEBI Master Circular dated January 30, 2026, and Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This news follows the bank’s previous statement on February 21, 2026, that it was selecting an outside, impartial firm to conduct a forensic investigation. The appointment of KPMG to commence the independent forensic audit on this subject has been officially confirmed by IDFC FIRST Bank in its most recent filing.

The bank has already sent the declaration to the National Stock Exchange of India Limited and the BSE Limited, where it is traded under the scrip codes 539437 and IDFCFIRSTB, respectively.

The bank further announced that the disclosure was posted on its website in accordance with Regulation 46(2) of the SEBI Listing Regulations.

The signature of IDFC FIRST Bank’s General Counsel and Company Secretary, Satish Gaikwad, appears on the document.

The appointment shows that the bank is taking steps to be transparent and comply with regulations in accordance with SEBI standards, even though the filing does not specify the extent of the forensic audit.

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