Tag: V. Vaidyanathan
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