Daily Republic News
- Business
- February 23, 2026
Gold Price Not Crossed “Certain Limits”, Govt Closely Monitoring: Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Monday said that the government is closely monitoring gold prices, noting that the yellow metal traditionally sees seasonal spikes during festival periods but has not crossed “certain limits.”Addressing a press conference, post its cus Read More
- Business
- February 23, 2026
US To Stop Collecting Tariffs Deemed Illegal By Supreme Court On Tuesday
The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal.The agency s Read More
- Business
- February 23, 2026
Oil Drops As US And Iran Prepare For Further Nuclear Talks
Oil prices fell about 1% on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while President Donald Trump’s fresh tariff hikes created uncertainty for global growth and fuel demand.Brent crude futures slid 87 cents, Read More
- Business
- February 23, 2026
IDFC Bank’s Rs 590 Crore Fraud Not A ‘Systemic Issue’: RBI Governor Sanjay Malhotra
IDFC Bank Fraud Case: After the Rs 590 crore IDFC First Bank ’employee fraud’ came to light, Sanjay Malhotra, Governor of Reserve Bank of India (RBI), said that India’s apex bank was observing the developments, while noting that there was no systemic risk here.“As a policy, we do Read More
- Business
- February 23, 2026
IDFC First Bank Rout Wipes Out ₹14,000+ Cr in a Day; Institutional Portfolios Take a Hit
Shares of IDFC First Bank witnessed a sharp sell-off on Monday, plunging 20% to an intraday low of ₹66.85, after the lender disclosed a ₹590-crore fraud linked to accounts operated out of its Chandigarh branch. The fall triggered a massive erosion in shareholder wealth. It dispro Read More
- Business
- February 23, 2026
Bombay HC Clears Banks to Act on ‘Fraud’ Classification in Anil Ambani Loan Case
In a major legal setback for industrialist Anil Ambani, the Bombay High Court has lifted an interim stay that had prevented banks from classifying loan accounts linked to him as ‘fraud’, reviving action on borrowings exceeding ₹40,000 crore.The decision allows public sector lende Read More
- Business
- February 23, 2026
Rs 590 Crore Fraud: IDFC FIRST BANK Management Responds
Private lender IDFC First Bank in an analyst call held on Monday, said called Rs 590 crore fraud detected at its Chandigarh branch as an isolated case, while noting that the banks has opened over 1,000 branches in the last five years and has never found an incident of this nature Read More
- Business
- February 23, 2026
AU Small Finance Bank Slips Over 7% On Haryana Fallout, Jefferies Maintains ‘Buy’ Rating
Shares of AU Small Finance Bank fell sharply on Monday, sliding 7.62% to an intraday low of ₹950.50, as investors reacted to the lender’s de-empanelment by the Haryana government for government business, despite the bank’s assertion that the move has no financial impact on its op Read More
- Business
- February 23, 2026
₹590 Cr Fraud Rocks IDFC First Bank; Shares Hit Lower Circuit at ₹66.85
Shares of IDFC First Bank tumbled nearly 20% on Monday, hitting the lower circuit and an intraday low of ₹66.85, after the lender disclosed a ₹590 crore fraud at its Chandigarh branch, triggering sharp investor concern over governance and internal controls.The stock witnessed hea Read More
- Business
- February 23, 2026
AU Small Finance Bank Clarifies Haryana Govt Action, Flags ₹72 Cr Transactions, Orders Internal Probe
AU Small Finance Bank issued a detailed clarification following media reports and investor queries related to its de-empanelment by the Government of Haryana for government business.The bank said the action followed communications from a Haryana government department seeking deta Read More
