idfc first bank
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Bank of America Downgrades IDFC First Bank to Neutral, Cuts Target Price to Rs 75 After Fraud Impact
BofA Flags Near Term Headwinds After Haryana Panel Removal Multinational brokerage Bank of America Securities has downgraded IDFC First Bank Ltd. to Neutral from Buy and reduced its 12 month target price to Rs 75 from Rs 95, citing near term headwinds following the bank’s removal from the... - K
IDFC First Bank Re-Rating Delayed Amid Fraud Concerns
IDFC First Bank Downgraded by BoFA Securities; Price Target Cut to ₹75 After ₹590 Crore Fraud Disclosure Shares of IDFC First Bank Ltd. are set to remain in focus on Thursday, February 26, after brokerage firm BoFA Securities downgraded the stock and reduced its price target following recent... - K
TCG Asset Management Maintains Investment Stance on IDFC First Bank; Sees Selective Value in PSU Banks
Shahzad Madon, Managing Director and CEO of TCG Asset Management, has reaffirmed his firm’s investment stance on IDFC First Bank, stating that recent developments surrounding the private lender have not altered its overall assessment.No Change in View on IDFC First Bank Addressing concerns... - K
IDFC First Bank Returns ₹583 Crore to Haryana Government
IDFC First Bank Pays ₹583 Crore to Haryana Government After ₹590 Crore Fraud at Chandigarh Branch Bank Clears Principal and Interest Amid Ongoing Investigation New Delhi, February 24: IDFC First Bank has paid ₹583 crore to the relevant departments of the Haryana government, covering 100 percent... - K
RBI Rules Out Systemic Risk After ₹590 Crore Fraud at IDFC First Bank Chandigarh Branch
New Delhi, February 23: The Reserve Bank of India on Monday clarified that there is no systemic risk to the Indian banking system following the disclosure of a ₹590 crore fraud at the Chandigarh branch of IDFC First Bank. The central bank reiterated that it does not comment on individual banks... - K
IDFC First Bank Shares Hit 20% Lower Circuit After ₹590 Crore Haryana Government Fraud Disclosure
IDFC First Bank Stock Crashes Following Fraud Revelation New Delhi, February 23: Shares of IDFC First Bank plunged by 20 percent on Monday after the lender disclosed a ₹590 crore fraud involving accounts linked to the Haryana government.The stock tumbled 19.99 percent to ₹66.85 on the BSE... - K
RBI Monitoring ₹590 Crore IDFC First Bank Fraud, Says No Systemic Risk: Governor Sanjay Malhotra
RBI Assures Stability Amid IDFC First Bank Fraud Case New Delhi, February 23: The Reserve Bank of India has confirmed that it is closely monitoring developments surrounding the ₹590 crore fraud reported by IDFC First Bank, with Governor Sanjay Malhotra stating that there is no systemic issue... - K
IDFC First Bank Fraud: MD V Vaidyanathan Flags Employee Collusion in ₹590 Crore Haryana Government Account Case
₹590 Crore Discrepancy Linked to Collusion at Single Branch Mumbai, February 23: IDFC First Bank Managing Director and Chief Executive V Vaidyanathan on Monday described the ₹590 crore fraud involving Haryana government accounts as a case of collusion between certain bank employees and external...- Karthik
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- bank audits bank deposits bank profitability bank recovery bse (bombay stock exchange) cheque transactions current account deposits employee dishonesty insurance financial fraud financial reporting haryana government fraud idfc first bank investor relations kpmg savings account deposits
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- Forum: Business
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IDFC First Bank Shares Hit 20% Lower Circuit After ₹590 Crore Fraud Disclosure
Stock Crashes as Fraudulent Transactions Surface at Chandigarh Branch Mumbai, February 23: Shares of IDFC First Bank tumbled to the 20 per cent lower circuit on Monday after the lender disclosed fraudulent transactions amounting to around ₹590 crore at its Chandigarh branch.The stock fell...- Karthik
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- account reconciliation au small finance bank bank investigations bank suspensions banking sector chandigarh branch financial crime financial loss financial reporting fixed deposits fraudulent transactions haryana government accounts idfc first bank regulatory compliance state government finances
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- Forum: Business
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AU Small Finance Bank Denies Wrongdoing After Haryana De-Empanels It Over Alleged Account Fraud
New Delhi, February 23: AU Small Finance Bank has denied any wrongdoing in connection with the alleged fraudulent opening of accounts after the Haryana government de-empaneled it from undertaking government business in the state.In a circular issued by the finance department, the Haryana... - K
Haryana Government De-Empanels IDFC First & AU Small Finance Banks
Chandigarh, February 22 The Haryana government has de-empaneled IDFC First Bank and AU Small Finance Bank for government business with immediate effect, according to an official circular.No government funds will be parked, deposited, invested, or transacted through these institutions, it said...- Karthik
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- account management au small finance bank bank accounts banking regulations banking sector financial fraud financial reconciliation financial reporting fixed deposits fraud investigation government funds haryana government idfc first bank regulatory compliance state government
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- Forum: Business
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Haryana Government Bars IDFC First Bank and AU Small Finance Bank After Rs 590 Crore Fraud Disclosure
Immediate Ban on Government Transactions in Haryana Haryana Government has removed IDFC First Bank and AU Small Finance Bank from handling all government business in the state with immediate effect, following the disclosure of an alleged fraud of around Rs 590 crore.In an official circular...- Karthik
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- account closure account reconciliation au small finance bank bank investigations chandigarh branch financial loss financial transactions fixed deposits forensic audit government fraud haryana government idfc first bank recovery efforts regulatory filings suspended officials
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- Forum: Business
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IDFC First Bank Reports ₹590 Crore Fraud Linked to Haryana Government Accounts at Chandigarh Branch
Mumbai, February 22: IDFC First Bank on Sunday disclosed a fraud of ₹590 crore involving accounts held by the Haryana government at one of its branches in Chandigarh, triggering regulatory reporting, a police complaint, and an internal probe.Fraud Detected During Account Closure and Balance... - K
IDFC First Bank Reports ₹590 Crore Fraud at Chandigarh Branch Involving Haryana Government Accounts
Four Officials Suspended as Bank Initiates Criminal and Forensic Action New Delhi, February 22: IDFC First Bank has disclosed a fraud amounting to ₹590 crore at its Chandigarh branch, involving accounts linked to the Haryana government. The bank confirmed on Sunday that four suspected officials...