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The Economic Times

Economy / The Economic Times

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After IDFC fraud disclosure, government deposits may tilt toward PSU banks

Private banks face potential deposit pressure after a fraud in Haryana government accounts at IDFC First Bank. Analysts predict a shift of low-cost CASA deposits to public sector banks, impacting their agency commission income. AU Small Finance Bank also saw a decline in Haryana government deposits following de-empanelment.

23 Feb 2026 6:16 pm