Yes Bank Share: Attempt to make fake transaction on prepaid forex card! Bank starts investigation – Stock market in action

In response, Yes Bank has blocked e-commerce transactions from the specific Latin American country where the fraudulent transactions were routed. In the country in question, two-factor authentication is not mandatory for online transactions, which the bank has described as a weakness. The incident involved attempted fake transactions on specific card BIN numbers linked to Forex…

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IDFC First Bank Fraud Case: Trust of these big mutual fund companies remains intact, have bought more than 31,00,00,000 shares – Market

HSBC Mutual Fund and Motilal Oswal Mutual Fund are the largest mutual fund investors of this bank. Both have about 8.53 crore shares. Edelweiss Mutual Fund holds 6.05 crore shares, Kotak Mutual Fund holds 3.69 crore shares and Aditya Birla Sun Life Mutual Fund holds 3.52 crore shares. Parag Parikh Mutual Fund holds 1.05 crore…

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Fraud could hit IDFC First where it hurts the most

IDFC First Bank’s investors are shaken, pulling the stock down as much as 20% following reports of a fraud at the fast-growing lender. What began as a disappointing de-empanelment of IDFC and AU Small Finance Bank by the Haryana government—affecting 0.5% of their deposits—quickly evolved into something far more unsettling. Both banks were accused of…

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Fraud-hit IDFC First Bank share price steadies after 16% crash even as brokerages cut target – Here’s what they say

IDFC First Bank fraud: After an over 16% crash in the previous session, IDFC First bank share price steadied on Tuesday, February 24. The crash yesterday came after the lender disclosed that a ₹590 crore fraud had been detected at its Chandigarh branch, involving accounts linked to the Haryana government. The revelation, made over the…

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