Daily Republic News
- 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
- Business
- February 22, 2026
Rs 590 Crore Fraud Detected In Haryana Govt-Linked Accounts At IDFC First Bank, 4 Suspended
Chandigarh: IDFC First Bank has flagged Rs 590 crore fraud in accounts held by certain departments of the Haryana government at one of its branches in Chandigarh. Following the disclosure, the state government de-empanelled IDFC First Bank and AU Small Finance Bank for government Read More
- Business
- February 22, 2026
India-US Trade Deal Meet Postponed After Trump Hikes Global Tariff Rates: Report
New Delhi: India and the United States of America are rescheduling the meeting of chief negotiators over the interim trade deal after President Donald Trump hiked global tariffs to 15%, just a day after imposing 10 % tariffs on all imports, reports said.This comes after the US Su Read More
- Business
- February 21, 2026
The $50 Billion Reset: Navigating the New Indo-US Trade Reality
The global trade landscape witnessed a seismic shift this week. Following the U.S. Supreme Court’s decision to strike down broad IEEPA-based tariffs, we have entered a period of calculated chaos.For India, the immediate headline is a technical drop in export tariffs from the nego Read More
