Govt of India loses₹1100 crore, LIC₹340 crore as fraud-hit IDFC First Bank shares crash 20% in a day

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IDFC First Bank share price crashed 20% following a reported ₹590 crore fraud, prompting concerns over its financial health. Analysts indicate a shift to bearish sentiment, with immediate support at ₹66-67. Major shareholders, including the government and LIC, have seen significant losses.