Tag: IDFC First Bank
BANKING & FINANCE IDFC First Bank Regrets Fraud At Chandigarh, Vows Stronger Controls

IDFC First Bank has expressed regret over the recent misappropriation of funds of ₹590 crore at its Chandigarh branch and said it is determined to ensure that such an incident does not happen again. “The incident has reinforced in us the requirement to be more vigilant and never to be too sure of ourselves or […]

CW Bureau · Aug 9, 2026
BANKING & FINANCE IDFC FIRST Bank Q1 Profit Rises 132% To Record ₹1,075 Cr, Bad Loans Drop

IDFC FIRST Bank delivered its strongest quarterly performance to date, reporting a record profit after tax (PAT) of ₹1,075 crore for the first quarter of FY27, more than doubling from ₹463 crore in the corresponding quarter last year, driven by improved margins, healthier asset quality and robust business growth. The bank’s net interest margin (NIM) […]

CW Bureau · Jul 25, 2026
AUTO Raptee.HV Partners With IDFC FIRST Bank To Further Expand EV Funding

Electric motorcycle manufacturer Raptee.HV has partnered with IDFC FIRST Bank to make electric motorcycle ownership more accessible through enhanced financing solutions for customers across India. The collaboration aims to address one of the key challenges in electric vehicle adoption – affordable financing – by offering attractive loan terms, faster approvals, flexible repayment options and a […]

CW Bureau · Jun 17, 2026
BANKING & FINANCE Probe On, No Systemic Impact: IDFC First Bank Reassures Investors

IDFC First Bank which has appointed global audit firm KPMG to conduct a forensic investigation into a ₹590-crore fraud at one of its Chandigarh branches involving accounts linked to Haryana government departments, has moved to reassure investors about its capital strength and internal controls. Addressing investors, the bank’s top management described the incident as a […]

CW Bureau · Feb 24, 2026
BANKING & FINANCE IDFC First Bank Flags ₹590 Cr Fraud In Haryana Govt-Linked Accounts

IDFC First Bank Ltd has reported an incident involving alleged unauthorised and fraudulent activities at one of its branches in Chandigarh, potentially impacting a specific group of Haryana government-linked accounts, with an aggregate amount of approximately ₹590 crore under reconciliation. In a regulatory filing to stock exchanges on Saturday, the bank said the issue came […]

CW Bureau · Feb 22, 2026