HARYANA GOVERNMENT DEPARTMENT THANKS IDFC FIRST BANK FOR PRINCIPLE-BASED APPROACH

J.S. Kaler/Chandigarh/Mumbai

IDFC FIRST Bank refers to its recent disclosures regarding an incident at one of its branches in Chandigarh involving certain accounts of departments of the Government of Haryana.

Preliminary findings indicate that certain employees of the branch acted fraudulently in clearing forged instruments and payment instructions, potentially in collusion with external parties. The matter is currently under investigation by the relevant authorities.

Despite the investigation being ongoing, the Bank has immediately honored 100% of the principal and
interest claimed by the relevant departments of the Government of Haryana, amounting to ₹583 crore.
Final amount may change depending on any further claims or reconciliation.

The concerned departments of the Government of Haryana have thanked and appreciated the Bank’s
principled approach, prompt action and professional conduct in addressing the matter.

IDFC FIRST Bank, with the full support of the Haryana Government and the law enforcement agencies
is determined to fight the perpetrators of fraud and bring them to justice.

IDFC FIRST Bank is financially strong and well-capitalised. As of December 31, 2025, the Bank is rated
AAA by CRISIL for Fixed Deposits and holds AA+ long-term ratings from CRISIL, ICRA, India Ratings and CARE. Its total customer business (loans and deposits) stands at ₹5,62,090 crore, up 22.6% year-onyear. Asset quality is healthy, with GNPA at 1.69% and Net NPA at 0.53%. The Bank’s capital adequacy ratio is 16.22%, and its CASA ratio is 51.6%.

The Bank’s unit economics are strong. Its Net Interest Margin is healthy at 5.76% in Q3FY26. The Bank is in an investment phase and investing in building products, technology, distribution, branches, ATM, Rural Banking, Corporate Banking, Cash Management, Trade, NRI, Credit Cards and other universal banking solutions to be a large, diversified Bank of the future. Over the next few years, we expect the operating leverage from these investments to reflect in the earnings and stronger profits from FY27 onwards.

The Bank is built on a modern technology architecture and advanced digital infrastructure, which
supports superior customer experience. Its mobile banking platform has been ranked No. 2 globally
by Forrester, an internationally recognized research firm, and receives high customer ratings of 4.9 on
Google and 4.8 on iOS.