IDFC First Bank, based in Mumbai, has declared that the impact of a ₹590 crore fraud discovered in February is now behind it. The bank reported a net profit of ₹319 crore for the fourth quarter of FY26, marking a 4.9% year-on-year increase, although it faced a 36.5% decline sequentially due to a one-time post-tax impact from the fraud. Despite this setback, the bank's total deposits grew 17% year-on-year to reach ₹2.9 trillion, with management expressing confidence in achieving a 5% sequential growth in deposits moving forward. The bank's net interest income rose 15.7% year-on-year to ₹5,677 crore, while the net interest margin improved to 5.93%. However, operating expenses surged to ₹6,249 crore, up 12% sequentially, largely attributed to the opening of around 80 new branches and employee increments. Management anticipates that expenses will normalize in the coming quarters, projecting a growth of 13-14% in operating expenditure for FY27.