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EXPLAINED: Idfc first bank - The Real Truth

CBI files first chargesheet in Haryana Rs 504 crore fund diversion case

The CBI has filed its first chargesheet in a major corruption case. Fifteen individuals, including bank officials and Haryana government employees, are accused of misappropriating Rs 504 crore. The funds were allegedly siphoned off from government accounts through collusion. The investigation is ongoing, with more chargesheets expected soon. This probe…

The Economic Times

Beyond transactions: The potential of mobile banking

Digital banking in India is transforming. Apps now help users make financial decisions, not just transactions. IDFC FIRST Bank's app integrates banking, investments, and loans. This simplifies managing money and builds confidence. Smartphones are becoming financial command centers. This evolution empowers individuals for long-term financial resilience.

The Economic Times

IDFC First Bank case: Haryana govt gives go-ahead to CBI to probe 5 IAS officers' role

The Haryana government has approved a CBI probe into five IAS officers concerning a Rs 590-crore IDFC First Bank fraud. This permission allows the CBI to question the officers. The investigation stems from alleged misappropriation of government funds. Searches have been conducted, and financial records seized. Sixteen individuals have been…

The Economic Times

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Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

CBI raids multiple locations in Haryana bank scam probe, seizes digital evidence

The Central Bureau of Investigation has conducted searches in Chandigarh and Panchkula concerning a Haryana bank scam. Financial records and digital evidence were seized. Officials from IDFC First Bank and AU Small Finance Bank allegedly colluded with Haryana government public servants to misappropriate funds. Sixteen individuals have been arrested as…

The Economic Times

Credit at the tap: The opportunities and risks of India’s digital lending boom

India's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to younger demographics and underserved regions. While offering convenience and speed, regulators are ensuring transparency and consumer protection amidst evolving market dynamics and persistent risks.

The Economic Times

Stocks in news: Airtel, Tata Motors, Dr Reddy's, NTPC, Dixon Technologies

Markets faced selling pressure on Tuesday due to weak global cues and macroeconomic concerns, with the Nifty approaching support at 23,150. Several companies like Airtel, Tata Motors, and Dr Reddy's are in focus due to earnings reports and other news developments.

The Economic Times

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IDFC First Bank fraud case: ED arrests 2 former employees in Rs 645 crore embezzlement probe

Chandigarh has witnessed a major development as the Enforcement Directorate has apprehended two ex-IDFC First Bank staff amidst a sweeping inquiry into money laundering activities. The individuals are under scrutiny for allegedly embezzling a colossal Rs 590 crore from the Haryana government's coffers, reportedly utilizing ghost companies to make the…

The Economic Times

Rethinking ‘idle money’ in a rising rate environment

Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money.

The Economic Times

Highest 5-year FD rates at PSU vs private vs SFB banks: What Rs 1 lakh investment in each FD will give you on maturity

Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance…

The Economic Times

How cashback credit cards are shaping everyday spending habits

IDFC FIRST Bank's FIRST EARN and Hello Cashback credit cards offer straightforward cashback on daily transactions, maximizing savings without altering spending habits. These cards provide an interest-free period and fee reversals on spending, enhancing value beyond just cashback with added protection benefits.

The Economic Times

Nikhat unveils NMDC Hyderabad Marathon finishers’ medals

Marathon to be held on August 28

The Hindu

Bank CEO gives $500,000 of shares to his chauffeur, home help

NEW DELHI: The chief executive officer (CEO) of IDFC First Bank gifted $530,000 worth of shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy.

The Times of India

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