However, In a circular, the state finance department said, "IDFC First Bank and AU Small Finance Bank are hereby de-empanelled for government business in Haryana with immediate effect till further orders."The move follows IDFC First Bank’s disclosure of a Rs 590-crore fraud involving its employees and others in accounts linked to the Haryana government.AU Small Finance Bank, in a regulatory filing late Sunday, said the government account under question was opened after completing all required Live EventsAU ...

Nifty Bank index began today’s session lower at 61,146 compared to last week’s close of 61,172. However, it recovered after opening and is now trading at 61,320, up 0.25 per cent so far. The advance-decline ratio stands at 10-4 now, showing a bullish bias. Union Bank of India (up 2.7 per cent) and Axis Bank (up 2.4 per cent) are the top gainers. At the other end, IDFC First Bank tumbled 17 per cent and is the top loser. This is followed by AU Small Finance Bank, down 6.4 per cent.Nifty PSU Bank has advanced ...

Shares crashed as much as 20%, the steepest fall since March 2020, after the private lender disclosed that employees at its Chandigarh branch had carried out unauthorized transactions in accounts linked to the Haryana state government, creating a deposit balance discrepancy of approximately Rs 590 crore.The fraud amount eclipses the bank's Q3 net profit of Rs 503 crore. UBS estimated the suspected amount at roughly 22% of Jefferies said the bank will need to strengthen operational controls and clarify that ...

Core Viewpoint - IDFC First Bank's shares experienced a significant decline following the disclosure of a ₹590 crore fraud at its Chandigarh branch, leading to heavy sell-side pressure and a notable drop in stock price [1][2]. Group 1: Stock Performance - The stock traded at ₹67.97 on the NSE, down 18.61% from the previous close of ₹83.51, with an opening price of ₹75.16 and hitting a lower circuit band at ₹66.80 [1]. - The stock has decreased over 20% year-to-date and approximately 18% in the past week, although it remains about 12% higher on a one-year basis [6]. Group 2: Fraud Details - The fraud, involving certain employees at the Chandigarh branch and specific Haryana government-linked accounts, was disclosed on February 21, with the bank filing a police complaint and informing its regulator and statutory auditors [5]. - The bank has initiated lien marking on beneficiary accounts and appointed KPMG to conduct an independent forensic audit [5]. Group 3: Financial Impact - Nomura indicated that the ₹5.9 billion fraud represents 28% of the FY26 forecast profit and 19 basis points of the CET-1 ratio, which was 14.23% as of December 2025 [2]. - SBI Securities described the situation as negative in the short to medium term, highlighting a mismatch between actual balances and those communicated to account holders, along with the suspension of four officials [4].

Market Overview - Markets opened positively following the US Supreme Court's ruling against President Trump's emergency tariffs, with the Sensex rising to ₹83,336.04, up ₹521.33 or 0.63% [1] - The Nifty 50 also saw gains, climbing to ₹25,731.00, an increase of ₹159.75 or 0.62% [1] Tariff Changes - The Supreme Court's decision invalidated approximately $160–175 billion in tariffs imposed under the International Emergency Economic Powers Act (IEEPA) [2] - President Trump responded by invoking Section 122 of the Trade Act of 1974, imposing a new 10–15% global tariff for 150 days, which is expected to face legal challenges [2] - For India, this effectively reduces tariffs on exports to around 10% [2] Market Sentiment and Technical Analysis - The US Supreme Court's ruling is viewed positively, but it may not lead to a sustained market rally as fundamentals are still key [3] - The Nifty's immediate pivot is at 25,500, with resistance levels at 25,700–25,750; a move above 25,800 could lead to 26,000 [3] Sector Performance - Banking stocks led the market recovery, with the Bank Nifty closing at ₹61,172, up 432 points, and trading above key moving averages [4] - Among Nifty 50 gainers, Adani Ports rose by 2.86% to ₹1,554.80, and Axis Bank increased by 2.02% to ₹1,395.90, indicating strength in financial services and infrastructure [5] Underperformers - ONGC was the worst performer, falling 2.14% to ₹272.70 due to rising crude oil prices amid US-Iran tensions [6] - IT stocks like Infosys and Wipro also faced declines, contributing to a broader technology sector downturn [6] Institutional Flows - Foreign Institutional Investors sold equities worth ₹934 crore, while Domestic Institutional Investors bought equities worth ₹2,637 crore [7] Corporate Developments - IDFC First Bank reported a significant internal fraud estimated at ₹590 crore, prompting a forensic audit [8] Market Caution - Analysts caution that market sentiment may remain weak as long as it stays below the 50-day SMA of 25,770/83,200 [9]

IDFC First Bank shares tumbled the most in nearly six years after the mid-sized Indian lender disclosed suspected fraud in accounts linked to a state government and said the Haryana state asked to pull funds from the bank https://t.co/SWdnAWTglH ...

华尔街知名精品投行Centerview Partners近日与一名前初级分析师达成和解，结束了一场备受关注的法 律纠纷。这场诉讼的核心争议在于，投行初级员工"每晚睡足8小时"的生理需求，是否与投资银行高强 度的工作要求相兼容。 Centerview随后证实了和解消息，但拒绝透露具体条款。该行发言人在一份声明中强调，Shiber的法律 主张"毫无根据"，公司本已准备好在法庭上证明这一点并有信心胜诉。发言人表示，达成和解是为 了"将这种干扰抛诸脑后"，以便专注于为客户提供服务。 此案的解决避免了一场可能让华尔街"加班文化"遭受公开审视的审判。虽然案件本身已了结，但它再次 引发了市场对于金融行业初级员工工作负荷与身心健康平衡的讨论，尤其是在近年行业内因过劳问题频 发的背景下，投资者与管理层正重新审视高压工作模式的可持续性。 "基本职能"与生理需求的冲突 案件的焦点在于投资银行分析师职位的"基本职能"定义。据法庭文件显示，Shiber于2020年从Dartmouth 毕业后加入Centerview，她将此视为"梦想的机会"。然而，入职不久后，她向人力资源部门透露自己患 有情绪和焦虑症，需要每晚在固定时间段内保证至少8 ...

Group 1 - Indian shares are expected to open higher following the US Supreme Court's ruling against Trump's tariffs, which has led to a temporary increase in tariffs on US imports from 10% to 15% [1][2] - The Indian trade delegation's plans to visit Washington have been delayed due to the uncertainty surrounding tariffs, which were intended to finalize an interim trade deal [3] - Domestic equities are anticipated to start positively, with export-oriented sectors likely to benefit from supportive trade developments [4] Group 2 - IDFC First Bank may experience a decline after announcing an investigation into a suspected fraud of $65 million involving local government accounts [5] - RailTel has received a letter of intent for a modernization project in Maharashtra valued at 11.36 billion rupees ($125.2 million) [7] - Vikram Solar has signed a 20 billion-rupee agreement with Jupiter International to procure 2 GW of solar cells [7]

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Core Insights - Retail investors have shifted from being perceived as "dumb money" to becoming a significant force in the market, outperforming major index funds like SPY and QQQ [2][4] - In 2025, retail investors accounted for $5.4 trillion in trading activity, marking a nearly 47% increase from the previous year, the highest level since at least 2014 [3][5] - The rise of mobile trading apps, zero-commission trading, and social media investment communities has facilitated a new era of DIY trading among retail investors [5][6] Market Dynamics - The COVID-19 pandemic acted as a catalyst for a new generation of investors, particularly younger individuals using platforms like Robinhood, which contributed to the "meme stock" phenomenon [6][7] - There has been a notable increase in individual investors moving funds from checking accounts to investment accounts, with a reported 50% rise in market inflows from 2023 to early 2025 [7] - Retail investors are now considered a more influential force in the markets, challenging the traditional dominance of institutional investors [8]