MUMBAI, April 25 -- IDFC First Bank on Saturday said the impact of the Rs.590 crore fraud uncovered in February is now behind it, with the episode having no effect on new business during the March quarter (Q4FY26).

Speaking during the bank's Q4FY26 post-earnings analyst call, managing director and chief executive officer V. Vaidyanathan said similar crises at other banks typically take about a year to stabilize, but that has not been the case here.

"We are quite confident that this matter is behind us. Q1FY27 itself, you will see a strong growth in the bank," he said, adding that despite the fraud and the geo-political stress, the bank posted flattish growth in deposits, which is "good news for the quarter that went by", especially as i...