IDFC First Bank
Latest news, results and stock-moving updates on IDFC First Bank. Tracking 6 stories on Arth Vani.
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Latest on IDFC First Bank
BreakingIDFC First Bank: ₹645 Crore Fraud Uncovered After Internal Alarm
IDFC First Bank has reported a ₹645 crore fraud, stemming from an internal inquiry initiated after a bank executive raised concerns months prior. The investigation led to the dismissal of two employees.
IDFC First Bank Shares Surge 3%, Motilal Oswal Recommends 'Buy'
IDFC First Bank's share price rose by 3% on Tuesday, nearing its 52-week high. This surge follows an upgrade from Motilal Oswal, which changed its rating on the stock to 'Buy'.
CBI Charges 6 Haryana IAS Officers in ₹504 Crore IDFC First Bank Fund Scam
The CBI has filed a chargesheet against 19 individuals, including six Haryana cadre IAS officers, for the alleged misappropriation of ₹504 crore in government funds. The investigation reveals a complex scheme where public money was diverted through bank branches to unauthorized third parties.
IDFC FIRST Bank Targets 50 BPS Cut in Credit Costs to 1.5-1.6% This Fiscal Year
IDFC FIRST Bank aims to significantly reduce its credit costs to between 1.5% and 1.6% of its loan book for the current financial year. This target represents a 50 basis points (0.50%) reduction from the previous year's credit cost of 2.13%, signaling optimism about improving credit quality.
IDFC First Bank Shares Slip Following CBI Probe Into ₹646 Crore Fraud Case
IDFC First Bank's stock faced pressure after the CBI launched searches regarding a high-value fraud involving employee collusion. While the bank has compensated affected government departments, retail investors are keeping a close watch on governance standards.
Market Volatility: Adani, Maruti, and IDFC First Bank in Focus Amid Cautious Sentiment
Indian markets are bracing for a volatile session as weak global signals weigh on investor confidence. Analysts recommend a 'sell-on-rise' approach for retail investors until the Nifty crosses key resistance levels.
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