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IDFC First Bank fraud case: 11 accused arrested so far, 100 bank accounts frozen
IDFC First fraud: According to the Bureau, a breakthrough has emerged in the case, revealing that several fake firms and companies were created by the prime accused to illegally divert government funds into multiple bank accounts.
Stocks to watch: Wipro, IDFC First Bank, Ashok Leyland among 10 shares in focus on Thursday - Mint
Stocks to watch: Wipro, IDFC First Bank, Ashok Leyland among 10 shares in focus on ThursdayMint
Rs 590-cr IDFC First Bank 'fraud': ED searches at 19 locations in Haryana, Chandigarh
IDFC First Bank fraud case: The agency conducted searches in Haryana and Chandigarh against various business entities who helped the accused persons get accommodation entries to conceal the money trail and proceeds of crime, they said.
Cheques & balances: IDFC First brings in extra layer of security
IDFC First said it is implementing two new controls for government, banking and institutional accounts. Under the revised protocol, the bank will first send an email to the registered email ID of the concerned account holder and will clear the transaction only after receiving explicit confirmation from that address, a spokesperson said.
Cheques & balances: IDFC First brings in extra layer of security
IDFC First said it is implementing two new controls for government, banking and institutional accounts. Under the revised protocol, the bank will first send an email to the registered email ID of the concerned account holder and will clear the transaction only after receiving explicit confirmation from that address, a spokesperson said.
IDFC FIRST Bank says ₹645 crore paid to clients in Chandigarh branch case
IDFC FIRST Bank paid ₹645 crore to clients for an incident at its Chandigarh branch, higher than the initial estimate of ₹590 crore. Deposits remain stable at ₹2,92,381 crore.
IDFC First Bank settles Chandigarh fraud claims at ₹645 crore; says deposits stable, no further discrepancies found
IDFC FIRST Bank has finalized its Chandigarh branch account reconciliation. The bank confirmed no further discrepancies exist. It has paid claimants a net principal amount of ₹645 crore. This brings partial closure to a fraud incident. The bank's deposit balance remains stable. It continues legal action to recover dues.
Bank stocks slip as Maha farm loan waiver adds to FPI worry
Banking stocks plunged on Monday, with the Bank Nifty seeing its steepest fall since April 2025. Maharashtra's farm loan waiver announcement triggered widespread selling, particularly impacting state-owned banks. This, coupled with foreign investors' cautious stance on Indian equities, led to significant losses across the banking sector, with Union Bank of India and IDFC First Bank among the hardest hit.
RBI eases NOHC norms for AU Small Finance Bank
The central bank said an NOHC would be needed only if the group later sets up additional financial services entities. The RBI had first issued an in-principle approval on Aug 7, 2025 for the transition from a small finance bank to a universal bank .
Bank of Baroda raises ₹10,000 crore through green infrastructure bonds
Bank of Baroda raised ₹10,000 crore via long-term green infrastructure bonds, the first Indian bank to do so locally. The bonds have a seven-year tenure.
IDFC First Bank jumps 4%, beats Nifty in best session since fraud incident
IDFC First Bank said it has refunded 100 per cent of the principal and interest amount claimed by the relevant departments of the Haryana government
IDFC First Bank re-rating may be delayed due to recent issues, BoFA warns after downgrade
The re-rating on IDFC First Bank to be delayed till full clarity emerges on the recent issues, according to the BoFA note, and as a result, the brokerage has cut its financial year 2027 Earnings Per Share (EPS) estimates by 13%.