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Market Cap Wipeout as ₹590 Crore Fraud Rattles IDFC First
Banking & Finance, breaking news, Business, Economy, Finance, Global Business Posted on 16 hours ago

Market Cap Wipeout as ₹590 Crore Fraud Rattles IDFC First

The banking sector faced a localized shockwave this week as IDFC First Bank reported ..

RBI Blueprint ₹5 Lakh Crore Liquidity Injection to Anchor FY27 Debt Market
Banking & Finance, Business, Economy, Finance Posted on 16 hours ago

RBI Blueprint: ₹5 Lakh Crore Liquidity Injection to Anchor FY27 Debt Market

MUMBAI – In a strategic move to insulate India’s economy from a potential intere ..

IDFC First Bank Shares Plummet 20% Following ₹590 Crore Fraud Disclosure
Banking & Finance, Business, Economy, Finance, Global Business Posted on 16 hours ago

IDFC First Bank Shares Plummet 20% Following ₹590 Crore Fraud Disclosure

CHANDIGARH/MUMBAI – Shares of IDFC First Bank witnessed a dramatic 20% crash on Mo ..

Market Cap Wipeout as ₹590 Crore Fraud Rattles IDFC First

Market Cap Wipeout as ₹590 Crore Fraud Rattles IDFC First

The banking sector faced a localized shockwave this week as IDFC First Bank reported a significant fraudulent event at its Chandigarh branch. The bank disclosed a ₹590 crore discrepancy involving accounts linked to the Haryana Government. Early reports suggest that four employees allegedly engaged in unauthorized fund movements, effectively siphoning off capital that was intended for state development. Economic Fallout …

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RBI Blueprint ₹5 Lakh Crore Liquidity Injection to Anchor FY27 Debt Market

RBI Blueprint: ₹5 Lakh Crore Liquidity Injection to Anchor FY27 Debt Market

MUMBAI – In a strategic move to insulate India’s economy from a potential interest rate spike, the Reserve Bank of India (RBI) has outlined a massive ₹5 lakh crore ($60 billion) liquidity injection plan for the 2026-27 financial year (FY27). This proactive intervention is designed to counterbalance a record-breaking ₹40 lakh crore borrowing requirement anticipated from the central government, state …

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IDFC First Bank Shares Plummet 20% Following ₹590 Crore Fraud Disclosure

IDFC First Bank Shares Plummet 20% Following ₹590 Crore Fraud Disclosure

CHANDIGARH/MUMBAI – Shares of IDFC First Bank witnessed a dramatic 20% crash on Monday, February 23, 2026, hitting the lower circuit after the lender disclosed a massive ₹590 crore fraud at its Chandigarh branch. The incident has wiped out approximately ₹14,400 crore in investor wealth and triggered a swift crackdown by the Haryana state government.+1 The Catalyst: A Mismatch in …

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