Following previous disclosures, IDFC FIRST Bank has formally appointed KPMG to commence an independent external forensic audit. This action is in furtherance of the bank’s ongoing process to address concerns raised previously. The bank has ensured this material event is communicated to all relevant stakeholders and uploaded to its official website, underscoring its commitment to transparency and compliance on February 22, 2026.
Formalizing the Forensic Investigation
IDFC FIRST Bank has confirmed the appointment of an independent external agency to conduct a comprehensive forensic audit. This decision follows up on an earlier communication made by the bank on February 21, 2026, where it stated its intention to hire such an agency. In the latest development, the Bank has officially appointed KPMG to initiate and carry out this forensic audit into the matter at hand.
Regulatory Compliance and Disclosure
This disclosure, dated February 22, 2026, serves to inform the stock exchanges and the public that the process of appointing the audit firm has been finalized. Furthermore, in adherence to its compliance obligations, the Bank has ensured this disclosure is immediately uploaded to its official website, www.idfcfirst.bank.in, for public access.
Authorization
The notification was authorized and signed by Satish Gaikwad, the Bank’s General Counsel and Company Secretary, confirming the formal execution of this procedural step.
Source: BSE
