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The Hindu Businessline

Personal Finance / The Hindu Businessline

IDFC FIRST Bank repays 583 crore to Haryana govt after fraud at Chandigarh branch

The matter is currently under investigation by the relevant authorities

25 Feb 2026 8:49 am
IDFC First Bank fraud case: FIR registered, Haryana ACB launches probe

The FIR cites forged signatures, cheque discrepancies and unauthorised fund transfers

25 Feb 2026 7:15 am
NHA and ESIC sign MoU for convergence of ESI scheme with AB PM-JAY

Another MoU was inked between ESIC and the National Accreditation Board for Testing and Calibration Laboratories (NABL) to promote quality assurance and accreditation across ESIC healthcare facilities

24 Feb 2026 10:03 pm
FSIB recommends Hitesh Joshi for CMD position in GIC Re

Joshi, who is currently Executive Director with the State-owned reinsurer, has been exercising the financial and administrative powers and functions of CMD of GIC Re since October 1, 2025

24 Feb 2026 9:12 pm
Banks up scrutiny on large value branch transaction post IDFC First Bank fiasco

The RBI may engage with IDFC First Bank bilaterally to identify the gaps and persons accountable for the fraud

24 Feb 2026 7:13 pm
IDFC First Bank re-pays 583 crore to Haryana government departments

The matter is confined to a specific group of government-linked accounts within Haryana Govt operated through the said branch in Chandigarh and does not extend to other customers of the Chandigarh Branch

24 Feb 2026 6:01 pm
All money lost in IDFC First Bank fraud recovered: Haryana CM

The government will ensure that anybody who is involved be it a bank employee, private individual or even a government employee -- will not be spared, he said

24 Feb 2026 3:10 pm
Paytm launches savings in Silver on its app

Starting at 20, Paytm Silver will enable savings in small amounts

24 Feb 2026 2:00 pm
IDFC First Bank appoints KPMG for forensic audit of 590 crore fraud

The banks MD, CEO V. Vaidyanathan said the lender will spare no one as it suspected that the banks employees colluded with external parties to commit the fraud

23 Feb 2026 9:54 pm
Govt to auto credit 30.52 crore in 7.11 lakh inoperative EPFO accounts

Overall 10,903 crore is lying idle in 31.86 lakh inoperative accounts, opened over the last two decades

23 Feb 2026 8:50 pm
IOB Officers call for strike on March 2 demanding work-life balance and right to disconnect

As part of the planned agitation schedule, demonstrations were held at regional centres on February 23, followed by protests on February 26, culminating in the March 2 strike

23 Feb 2026 8:42 pm
Airtel to invest 20,000 crore in NBFC arm Airtel Money

While Airtel will contribute 70% of the investment, the promoter group, via Bharti Enterprises, will contribute 30% over the next few years

23 Feb 2026 8:10 pm
Star Health Insurance sees 50% increase in new policy demand post GST cut on health insurance

The companys focus is on increasing insurance penetration and securing new-to-insurance customers, especially in Tier 2 and Tier 3 geographies

23 Feb 2026 8:05 pm
RBI holds 621st central board meeting in presence of FM Sitharaman

The Board assessed the global and domestic economic landscape, factoring in the challenges arising from geopolitical developments and financial market volatility

23 Feb 2026 3:36 pm
AU SFB says engaging with Haryana govt for re-empanelment

Sees no financial impact on bank due to de-empanllement

23 Feb 2026 3:26 pm
Axis Bank denies bidding for CreditAccess Grameen

Sources indicate CA Grameen has been on the block for many years now to provide an exit to its long term investors

23 Feb 2026 3:23 pm
Banks should focus on core business, not on mis-selling, says FM Sitharaman

Im glad the RBI is issuing guidance against mis-selling; The message should go to the banks that they cannot afford to mis-sell, and it is an offense, she said

23 Feb 2026 3:07 pm
We will spare no one: IDFC First Bank CEO says on 590 crore fraud

Banks shares cracked up to 19% in early market trading hours following the disclosure

23 Feb 2026 3:04 pm
IDFC First Bank fraud: RBI Governor says no systemic issue

We are watching the development, there is no systemic issue, Malhotra told reporters at a press briefing

23 Feb 2026 2:28 pm
RBI not looking to revisit lending rules for proprietary traders, brokers: Malhotra

Rules on collateral, proprietary trading to take effect April 1

23 Feb 2026 1:38 pm
Staff collusion led to account fraud, profits to stay solid despite provisions: IDFC Bank

The bank will take some provisions as a result of the fraud... (but) On a standalone basis, we were expecting a very solid Q4 in terms of profitability, IDFCs Managing Director and Chief Executive V Vaidyanathan said

23 Feb 2026 12:44 pm
Bitcoin falls below $65,000 in latest bout of tariff uncertainty

Bitcoin earlier this month wiped out the remaining gains it had seen since Trump won re-election in November 2024

23 Feb 2026 10:23 am
India's new lending curbs seen squeezing trading firms

Under the current rules, trading firms use bank financing to ramp up leverage and reap big profits, outmaneuvering retail investors with their much higher level of sophistication

23 Feb 2026 9:41 am
PSBs up their game on credit underwriting, ensuring lower slippages

While overall NPA additions ranged between 18% and 24% of the NPA opening balance in the case of PSBs, it ranged between 61% and 93% for PvSBs in the last three years

22 Feb 2026 9:35 pm
SBI aims to up green advances portfolio to 7.5-10% by 2030

SBI has launched CHAKRA, a Centre of Excellence to finance sunrise sectors such as renewable energy, electric mobility and green hydrogen, accelerating Indias green transition

22 Feb 2026 7:43 pm
IDFC First Bank flags 590 crore fraud from Chandigarh branch

Issue tied to Haryana govt-linked accounts; four bank officials suspended

22 Feb 2026 7:23 pm
IDFC First Bank discloses 590 cr fraud by employees in Haryana govt accounts

Four officials working for the IDFC First Bank have been placed under suspension pending investigation, the bank said

22 Feb 2026 1:48 pm
IOB Officers Association threatens nationwide strike on Mar 2 over alleged coercive practices

In a statement, it claimed that repeated representations highlighting concerns over morale, mental well-being and institutional functioning have not received an adequate response

21 Feb 2026 4:01 pm
IDBI Bank officers, staff serve notice for nationwide hunger strike on March 9

Warns of intensified action, including indefinite strike, if move for privatising bank is not revoked

21 Feb 2026 10:38 am
SBI can provide acquisition financing support of up to 94,000 crore to India Inc, says Chairman Setty

SBI is in talks with Japanese banks to jointly bankroll acquisition financing

20 Feb 2026 9:43 pm
Banks should give loans to small businesses at cheaper interest rates: DFS Secretary

Nagaraju observed that Indian banks credit-to-GDP ratio stands at just 57%. This is significantly lower than economies like China, which has 199% credit-to-GDP ratio; the US at 147% and Japan at 153%

20 Feb 2026 9:41 pm
LIC MFs Pocket SIP accounts hit 1.80 lakh

The fund house facilitates minimum daily and weekly SIP of 100 and 150, while monthly SIP can start from 200

20 Feb 2026 9:39 pm
Total corporate bond issuances declined 6% in 9MFY26 amid rising yields and shift towards bank credit: RBI Bulletin

Corporate bond yields hardened across tenors and the rating spectrum, with their spreads over corresponding maturity government securities generally widening

20 Feb 2026 8:02 pm
Central banks worldwide to follow dissimilar paths while approaching end of easing cycle, says RBI Governor

As external sources like prices of oil, commodity, etc., are expected to weigh on inflation, MPC members called for maintaining status quo on repo rate

20 Feb 2026 7:51 pm
Investors see Bitcoin dip as investment opportunity: Mridul Gupta, Founding Partner, CoinDCX

The price correction offers investors a great chance to enter, with many starting new SIPs and portfolio deployments in this asset class

20 Feb 2026 2:50 pm
KVB reduces lending rates by 10 basis points from February 22

MCLR is calculated based on the marginal cost of funds, negative carry due to the cash reserve ratio, operating expenses and tenor premium

19 Feb 2026 9:19 pm
Maharashtras MSME credit guarantees rise 3.6 times in three years

The amount approved under the scheme has also seen a parallel increase

19 Feb 2026 6:38 pm
Digital payments rivalry: Paytm leans on merchant edge as PhonePe scales volume, say brokerages

Paytm reported a higher total revenue of 38.6 billion for the first half of the 2026 fiscal year, compared to PhonePes 31.6 billion

19 Feb 2026 4:34 pm
ANMI seeks 6-month freeze on RBI rules that curb bank lending, document shows

The Reserve Bank of India tightened norms for bank lending last week, saying that the cash collateral for guarantees will be raised to 100% from 50%

19 Feb 2026 4:04 pm
Indias state banks draw foreign funds, bucking wider pullback

The resilience of state banks contrasts with $19 billion of net foreign outflows from the nations equities last year, signaling global funds are reallocating toward areas seen as offering steadier earnings visibility and insulation from AI-driven volatility

19 Feb 2026 3:16 pm
Digital payments growth moderates to 11%, as adoption matures

The DPI, with March 2018 as the base, climbed to 516.76 by September 2025, more than five times its initial level

19 Feb 2026 12:32 pm