IDFC First Bank Reports ₹590 Crore Fraud at Chandigarh Branch – What Happened?

3D news-style illustration showing IDFC First Bank Chandigarh branch with warning symbol, Rupee icon, and text highlighting ₹590 crore fraud, representing a major banking fraud case in India.

India’s banking sector witnessed a major development after IDFC First Bank disclosed a ₹590 crore fraud detected at its Chandigarh branch. The incident, involving accounts linked to the Haryana Government, has triggered internal investigations, regulatory disclosures, and disciplinary action. Such cases attract significant public attention because they highlight the importance of internal controls, compliance systems, … Read more

The ULI Revolution

A 3D digital illustration showing the RBI ULI (Unified Lending Interface) platform connecting a user's smartphone to a bank for instant, paperless loan approval using digital records

Why the “UPI for Loans” is India’s Next Big Financial Leap In 2016, India changed how the world looks at payments with the launch of UPI. Today, in February 2026, we are standing at the edge of a similar revolution in the credit market. The Unified Lending Interface (ULI), a brainchild of the Reserve Bank … Read more

AI transforming banking in India

3D digital illustration of AI transforming banking in India, featuring an AI brain icon, a bank building with Rupee symbols, and digital circuit elements on a blue gradient background.

💡 How Artificial Intelligence Is Transforming Banking in India Artificial Intelligence (AI) is reshaping the global financial world — but nowhere is its impact more visible and rapid than in India’s banking sector. From automated customer service to smart fraud detection and instant credit decisions, AI is transforming how banks operate and how customers experience … Read more