{"id":21894,"date":"2026-02-24T09:56:27","date_gmt":"2026-02-24T04:26:27","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=21894"},"modified":"2026-02-24T12:29:29","modified_gmt":"2026-02-24T06:59:29","slug":"private-banks-casa-risk-idfc-fraud","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/private-banks-casa-risk-idfc-fraud\/","title":{"rendered":"IDFC Fraud Shock Puts Private Banks\u2019 Low-Cost Deposits at Risk"},"content":{"rendered":"<p data-start=\"428\" data-end=\"733\">Indian banking stocks face a <strong data-start=\"457\" data-end=\"486\">new structural risk shock<\/strong> after a <strong data-start=\"495\" data-end=\"545\">\u20b9590 crore fraud disclosure at IDFC First Bank<\/strong> triggered <strong data-start=\"556\" data-end=\"633\">heightened scrutiny of government deposits parked in private sector banks<\/strong>, potentially <strong data-start=\"647\" data-end=\"733\">reshaping deposit flows, funding costs, and valuation multiples across the sector.<\/strong><\/p>\n<p data-start=\"735\" data-end=\"1002\">Analysts warn that <strong data-start=\"754\" data-end=\"808\">low-cost CASA (Current &amp; Savings Account) balances<\/strong>, a key profitability driver for private lenders, <strong data-start=\"858\" data-end=\"901\">could now migrate back toward <a href=\"https:\/\/financialservices.gov.in\/beta\/en\/public-sector-banks\" rel=\"noopener\">PSU banks<\/a><\/strong>, directly impacting <strong data-start=\"922\" data-end=\"1002\">net interest margins (NIM), return on assets (RoA), and earnings visibility.<\/strong><\/p>\n<p data-start=\"1004\" data-end=\"1104\">This is <strong data-start=\"1012\" data-end=\"1044\">no longer an IDFC-only event;<\/strong> it is <strong data-start=\"1053\" data-end=\"1104\">rapidly morphing into a sector-wide risk theme.<\/strong><\/p>\n<h2 data-start=\"1111\" data-end=\"1170\"><strong data-start=\"1114\" data-end=\"1170\">Market Impact Snapshot<\/strong><\/h2>\n<ul data-start=\"1172\" data-end=\"1359\">\n<li data-start=\"1172\" data-end=\"1227\">\n<p data-start=\"1174\" data-end=\"1227\"><strong data-start=\"1174\" data-end=\"1227\"><a href=\"https:\/\/www.niftytrader.in\/markets\/idfc-first-bank-fraud-stock-crash\/\">IDFC First Bank<\/a> shares crashed up to 20% intraday<\/strong><\/p>\n<\/li>\n<li data-start=\"1228\" data-end=\"1264\">\n<p data-start=\"1230\" data-end=\"1264\"><strong data-start=\"1230\" data-end=\"1264\">AU Small Finance Bank fell ~8%<\/strong><\/p>\n<\/li>\n<li data-start=\"1265\" data-end=\"1307\">\n<p data-start=\"1267\" data-end=\"1307\"><strong data-start=\"1267\" data-end=\"1307\">Bank Nifty volatility spiked sharply<\/strong><\/p>\n<\/li>\n<li data-start=\"1308\" data-end=\"1359\">\n<p data-start=\"1310\" data-end=\"1359\"><strong data-start=\"1310\" data-end=\"1359\">Sector-wide valuation de-rating risk emerging<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1361\" data-end=\"1559\">The fraud revelation has <strong data-start=\"1386\" data-end=\"1432\">triggered a regulatory and policy response<\/strong> that could <strong data-start=\"1444\" data-end=\"1500\">re-route government deposits away from private banks<\/strong>, threatening <strong data-start=\"1514\" data-end=\"1559\">one of their lowest-cost funding sources.<\/strong><\/p>\n<h2 data-start=\"1566\" data-end=\"1595\"><strong data-start=\"1569\" data-end=\"1595\">What Exactly Happened?<\/strong><\/h2>\n<p data-start=\"1597\" data-end=\"1842\">IDFC First Bank disclosed a <strong data-start=\"1625\" data-end=\"1700\">suspected \u20b9590 crore fraud involving Haryana government-linked accounts<\/strong> at its Chandigarh branch. The issue surfaced after <strong data-start=\"1752\" data-end=\"1842\">account closure requests exposed mismatches between actual balances and recorded data.<\/strong><\/p>\n<h3 data-start=\"1844\" data-end=\"1867\"><strong data-start=\"1848\" data-end=\"1867\">Following this:<\/strong><\/h3>\n<ul data-start=\"1869\" data-end=\"2089\">\n<li data-start=\"1869\" data-end=\"1949\">\n<p data-start=\"1871\" data-end=\"1949\">Haryana government <strong data-start=\"1890\" data-end=\"1949\">de-empanelled IDFC First Bank and AU Small Finance Bank<\/strong><\/p>\n<\/li>\n<li data-start=\"1950\" data-end=\"2008\">\n<p data-start=\"1952\" data-end=\"2008\">Ordered <strong data-start=\"1960\" data-end=\"2008\">closure and transfer of all government funds<\/strong><\/p>\n<\/li>\n<li data-start=\"2009\" data-end=\"2089\">\n<p data-start=\"2011\" data-end=\"2089\">Mandated <strong data-start=\"2020\" data-end=\"2089\">finance department approvals before opening private bank accounts<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2091\" data-end=\"2179\">This <strong data-start=\"2096\" data-end=\"2179\">policy shift instantly raised alarm bells across the private banking ecosystem.<\/strong><\/p>\n<h2 data-start=\"2186\" data-end=\"2232\"><strong data-start=\"2189\" data-end=\"2232\">Why This Is Bigger Than IDFC First Bank<\/strong><\/h2>\n<h3 data-start=\"2234\" data-end=\"2271\"><strong data-start=\"2238\" data-end=\"2271\">1. Low-Cost CASA Under Threat<\/strong><\/h3>\n<p data-start=\"2273\" data-end=\"2387\">Government deposits form a <strong data-start=\"2300\" data-end=\"2332\">large share of CASA balances<\/strong> for private banks. If these migrate back to PSU banks:<\/p>\n<ul data-start=\"2389\" data-end=\"2485\">\n<li data-start=\"2389\" data-end=\"2413\">\n<p data-start=\"2391\" data-end=\"2413\"><strong data-start=\"2391\" data-end=\"2413\">Funding costs rise<\/strong><\/p>\n<\/li>\n<li data-start=\"2414\" data-end=\"2449\">\n<p data-start=\"2416\" data-end=\"2449\"><strong data-start=\"2416\" data-end=\"2449\">Net interest margins compress<\/strong><\/p>\n<\/li>\n<li data-start=\"2450\" data-end=\"2485\">\n<p data-start=\"2452\" data-end=\"2485\"><strong data-start=\"2452\" data-end=\"2485\">Profitability outlook weakens<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2487\" data-end=\"2637\">Analysts estimate <strong data-start=\"2505\" data-end=\"2584\">system-wide CASA ratios have already fallen 500\u2013600 basis points post-Covid<\/strong>, making <strong data-start=\"2593\" data-end=\"2637\">fresh deposit shocks extremely damaging.<\/strong><\/p>\n<h3 data-start=\"2644\" data-end=\"2687\"><strong data-start=\"2648\" data-end=\"2687\">2. PSU Banks = Direct Beneficiaries<\/strong><\/h3>\n<p data-start=\"2689\" data-end=\"2729\"><strong data-start=\"2689\" data-end=\"2729\">Likely winners of deposit migration:<\/strong><\/p>\n<ul data-start=\"2731\" data-end=\"2822\">\n<li data-start=\"2731\" data-end=\"2760\">\n<p data-start=\"2733\" data-end=\"2760\">State Bank of India (SBI)<\/p>\n<\/li>\n<li data-start=\"2761\" data-end=\"2791\">\n<p data-start=\"2763\" data-end=\"2791\">Punjab National Bank (PNB)<\/p>\n<\/li>\n<li data-start=\"2792\" data-end=\"2807\">\n<p data-start=\"2794\" data-end=\"2807\">Canara Bank<\/p>\n<\/li>\n<li data-start=\"2808\" data-end=\"2822\">\n<p data-start=\"2810\" data-end=\"2822\">Union Bank<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2824\" data-end=\"2936\">These banks <strong data-start=\"2836\" data-end=\"2873\">dominate government banking flows<\/strong>, positioning them to <strong data-start=\"2895\" data-end=\"2936\">absorb large-scale deposit transfers.<\/strong><\/p>\n<h3 data-start=\"2943\" data-end=\"2981\"><strong data-start=\"2947\" data-end=\"2981\">3. Sector-Wide Scrutiny Begins<\/strong><\/h3>\n<p data-start=\"2983\" data-end=\"3098\">Most large private banks\u2014HDFC<strong data-start=\"3010\" data-end=\"3046\">\u00a0Bank, ICICI Bank, and Axis Bank<\/strong>\u2014have <strong data-start=\"3054\" data-end=\"3098\">meaningful exposure to government funds.<\/strong><\/p>\n<p data-start=\"3100\" data-end=\"3133\">Even <strong data-start=\"3105\" data-end=\"3126\">partial migration<\/strong> could:<\/p>\n<ul data-start=\"3135\" data-end=\"3221\">\n<li data-start=\"3135\" data-end=\"3156\">\n<p data-start=\"3137\" data-end=\"3156\"><strong data-start=\"3137\" data-end=\"3156\">Hit CASA ratios<\/strong><\/p>\n<\/li>\n<li data-start=\"3157\" data-end=\"3187\">\n<p data-start=\"3159\" data-end=\"3187\"><strong data-start=\"3159\" data-end=\"3187\">Reduce agency fee income<\/strong><\/p>\n<\/li>\n<li data-start=\"3188\" data-end=\"3221\">\n<p data-start=\"3190\" data-end=\"3221\"><strong data-start=\"3190\" data-end=\"3221\">Pressure earnings multiples<\/strong><\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"3228\" data-end=\"3278\"><strong data-start=\"3231\" data-end=\"3278\">Impact Matrix: Who Gets Hit &amp; Who Benefits?<\/strong><\/h2>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" style=\"height: 189px;\" width=\"690\" data-start=\"3280\" data-end=\"3630\">\n<thead data-start=\"3280\" data-end=\"3300\">\n<tr data-start=\"3280\" data-end=\"3300\">\n<th class=\"\" data-start=\"3280\" data-end=\"3290\" data-col-size=\"sm\">Segment<\/th>\n<th class=\"\" data-start=\"3290\" data-end=\"3300\" data-col-size=\"md\">Impact<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"3325\" data-end=\"3630\">\n<tr data-start=\"3325\" data-end=\"3389\">\n<td data-start=\"3325\" data-end=\"3347\" data-col-size=\"sm\"><strong data-start=\"3327\" data-end=\"3346\">IDFC First Bank<\/strong><\/td>\n<td data-start=\"3347\" data-end=\"3389\" data-col-size=\"md\">\ud83d\udd34 High earnings &amp; credibility shock<\/td>\n<\/tr>\n<tr data-start=\"3390\" data-end=\"3455\">\n<td data-start=\"3390\" data-end=\"3418\" data-col-size=\"sm\"><strong data-start=\"3392\" data-end=\"3417\">AU Small Finance Bank<\/strong><\/td>\n<td data-start=\"3418\" data-end=\"3455\" data-col-size=\"md\">\ud83d\udd34 High\u2014business de-empanelment<\/td>\n<\/tr>\n<tr data-start=\"3456\" data-end=\"3520\">\n<td data-start=\"3456\" data-end=\"3482\" data-col-size=\"sm\"><strong data-start=\"3458\" data-end=\"3481\">Large Private Banks<\/strong><\/td>\n<td data-start=\"3482\" data-end=\"3520\" data-col-size=\"md\">\ud83d\udfe0 Medium \u2014 CASA + margin pressure<\/td>\n<\/tr>\n<tr data-start=\"3521\" data-end=\"3586\">\n<td data-start=\"3521\" data-end=\"3537\" data-col-size=\"sm\"><strong data-start=\"3523\" data-end=\"3536\">PSU Banks<\/strong><\/td>\n<td data-start=\"3537\" data-end=\"3586\" data-col-size=\"md\">\ud83d\udfe2 High Positive\u2014deposit inflow + stability<\/td>\n<\/tr>\n<tr data-start=\"3587\" data-end=\"3630\">\n<td data-start=\"3587\" data-end=\"3604\" data-col-size=\"sm\"><strong data-start=\"3589\" data-end=\"3603\">Bank Nifty<\/strong><\/td>\n<td data-start=\"3604\" data-end=\"3630\" data-col-size=\"md\">\ud83d\udfe0 Elevated volatility<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<h2 data-start=\"3637\" data-end=\"3675\"><strong data-start=\"3640\" data-end=\"3675\">Trading Strategy &amp; Market Setup<\/strong><\/h2>\n<h3 data-start=\"3677\" data-end=\"3708\"><strong data-start=\"3681\" data-end=\"3706\">Short-Term (1\u20135 Days)<\/strong><\/h3>\n<ul data-start=\"3709\" data-end=\"3827\">\n<li data-start=\"3709\" data-end=\"3790\">\n<p data-start=\"3711\" data-end=\"3740\"><strong data-start=\"3711\" data-end=\"3736\">Sell-on-rise strategy<\/strong> in:<\/p>\n<ul data-start=\"3743\" data-end=\"3790\">\n<li data-start=\"3743\" data-end=\"3762\">\n<p data-start=\"3745\" data-end=\"3762\">IDFC First Bank<\/p>\n<\/li>\n<li data-start=\"3765\" data-end=\"3790\">\n<p data-start=\"3767\" data-end=\"3790\">AU Small Finance Bank<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"3791\" data-end=\"3827\">\n<p data-start=\"3793\" data-end=\"3827\"><strong data-start=\"3793\" data-end=\"3811\">Defensive bias<\/strong> in Bank Nifty<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"3829\" data-end=\"3862\"><strong data-start=\"3833\" data-end=\"3860\">Medium-Term (2\u20136 Weeks)<\/strong><\/h3>\n<ul data-start=\"3863\" data-end=\"3977\">\n<li data-start=\"3863\" data-end=\"3927\">\n<p data-start=\"3865\" data-end=\"3927\"><strong data-start=\"3865\" data-end=\"3899\">Relative outperformance trade:<\/strong> PSU Banks &gt; Private Banks<\/p>\n<\/li>\n<li data-start=\"3928\" data-end=\"3977\">\n<p data-start=\"3930\" data-end=\"3977\"><strong data-start=\"3930\" data-end=\"3941\">Prefer:<\/strong> SBI, PNB, Canara Bank, Union Bank<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"3984\" data-end=\"4030\"><strong data-start=\"3987\" data-end=\"4030\">Why This Matters for Nifty &amp; Bank Nifty<\/strong><\/h2>\n<p data-start=\"4032\" data-end=\"4134\">Private banks carry <strong data-start=\"4052\" data-end=\"4096\">heavy weight in Bank Nifty and <a href=\"https:\/\/www.niftytrader.in\/\">Nifty 50<\/a>.<\/strong> Any <strong data-start=\"4101\" data-end=\"4127\">sustained CASA erosion<\/strong> could:<\/p>\n<ul data-start=\"4136\" data-end=\"4240\">\n<li data-start=\"4136\" data-end=\"4158\">\n<p data-start=\"4138\" data-end=\"4158\"><strong data-start=\"4138\" data-end=\"4158\">Cap index upside<\/strong><\/p>\n<\/li>\n<li data-start=\"4159\" data-end=\"4199\">\n<p data-start=\"4161\" data-end=\"4199\"><strong data-start=\"4161\" data-end=\"4199\">Trigger valuation de-rating cycles<\/strong><\/p>\n<\/li>\n<li data-start=\"4200\" data-end=\"4240\">\n<p data-start=\"4202\" data-end=\"4240\"><strong data-start=\"4202\" data-end=\"4240\">Increase banking sector volatility<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4242\" data-end=\"4349\">This converts the IDFC episode into a <strong data-start=\"4280\" data-end=\"4309\">macro banking risk signal<\/strong>, not just a <strong data-start=\"4322\" data-end=\"4349\">company-specific event.<\/strong><\/p>\n<h2 data-start=\"4356\" data-end=\"4383\"><strong data-start=\"4359\" data-end=\"4383\">Why It Matters Today<\/strong><\/h2>\n<p data-start=\"4385\" data-end=\"4607\">The <strong data-start=\"4389\" data-end=\"4457\">IDFC fraud shock has instantly become a sector-wide funding risk<\/strong>, as state governments begin <strong data-start=\"4486\" data-end=\"4536\">pulling low-cost deposits out of private banks<\/strong>, threatening a <strong data-start=\"4552\" data-end=\"4588\">structural rise in funding costs<\/strong> across the system.<\/p>\n<p data-start=\"4609\" data-end=\"4833\">For markets, this directly translates into <strong data-start=\"4652\" data-end=\"4746\">pressure on net interest margins (NIMs), earnings downgrade risks, and valuation de-rating<\/strong>, especially for <strong data-start=\"4763\" data-end=\"4833\">private banking stocks that form over 60% of Bank Nifty weightage.<\/strong><\/p>\n<p data-start=\"4835\" data-end=\"5060\">If more states replicate Haryana\u2019s move, <strong data-start=\"4876\" data-end=\"4931\">deposit migration toward PSU banks could accelerate<\/strong>, triggering <strong data-start=\"4944\" data-end=\"5060\">relative underperformance of private banks, rising Bank Nifty volatility, and aggressive sector rotation trades.<\/strong><\/p>\n<p data-start=\"5062\" data-end=\"5195\"><strong data-start=\"5062\" data-end=\"5075\">In short:<\/strong> This is <strong data-start=\"5084\" data-end=\"5123\">no longer a single-bank fraud event <\/strong>it is a <strong data-start=\"5134\" data-end=\"5195\">fresh macro risk signal for India\u2019s banking sector today.<\/strong><\/p>\n<h2 data-start=\"5202\" data-end=\"5216\"><strong data-start=\"5205\" data-end=\"5216\">Summary<\/strong><\/h2>\n<p data-start=\"5218\" data-end=\"5579\">A <strong data-start=\"5220\" data-end=\"5259\">\u20b9590 crore fraud at IDFC First Bank<\/strong> has triggered <strong data-start=\"5274\" data-end=\"5343\">fresh regulatory scrutiny of government deposits in private banks<\/strong>, threatening <strong data-start=\"5357\" data-end=\"5384\">low-cost CASA balances.<\/strong> Analysts warn that <strong data-start=\"5404\" data-end=\"5442\">deposit migration toward PSU banks<\/strong> could <strong data-start=\"5449\" data-end=\"5524\">hit margins, earnings, and valuations across the private banking sector<\/strong>, turning this into a <strong data-start=\"5546\" data-end=\"5579\">structural market risk theme.<\/strong><\/p>\n<h2 data-start=\"5022\" data-end=\"5062\"><strong data-start=\"5025\" data-end=\"5062\">FAQs\u00a0<\/strong><\/h2>\n<h3 data-start=\"5064\" data-end=\"5118\"><strong data-start=\"5068\" data-end=\"5116\">Q1. Why is IDFC fraud affecting other banks?<\/strong><\/h3>\n<p data-start=\"5119\" data-end=\"5269\">Because government deposits may now <strong data-start=\"5155\" data-end=\"5188\">shift away from private banks<\/strong>, reducing their <strong data-start=\"5205\" data-end=\"5227\">low-cost CASA base<\/strong>, impacting <strong data-start=\"5239\" data-end=\"5269\">profitability sector-wide.<\/strong><\/p>\n<h3 data-start=\"5276\" data-end=\"5326\"><strong data-start=\"5280\" data-end=\"5324\">Q2. Which banks benefit from this shift?<\/strong><\/h3>\n<p data-start=\"5327\" data-end=\"5430\">PSU banks like <strong data-start=\"5342\" data-end=\"5383\">SBI, PNB, Canara Bank, and Union Bank<\/strong> are expected to gain from <strong data-start=\"5410\" data-end=\"5429\">deposit inflows<\/strong>.<\/p>\n<h3 data-start=\"5437\" data-end=\"5481\"><strong data-start=\"5441\" data-end=\"5479\">Q3. Will Bank Nifty face pressure?<\/strong><\/h3>\n<p data-start=\"5482\" data-end=\"5597\">Yes. Private banks dominate Bank Nifty. <strong data-start=\"5522\" data-end=\"5554\">Margin risks and CASA pressure<\/strong> can cap index upside and raise volatility.<\/p>\n<h3 data-start=\"5604\" data-end=\"5650\"><strong data-start=\"5608\" data-end=\"5648\">Q4. Is this a systemic banking risk?<\/strong><\/h3>\n<p data-start=\"5651\" data-end=\"5739\">No immediate systemic risk, but <strong data-start=\"5683\" data-end=\"5739\">sector-wide funding cost risk has clearly increased.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian banking stocks face a new structural risk shock after a \u20b9590 crore fraud disclosure at IDFC First Bank triggered heightened scrutiny of government deposits parked in private sector banks, potentially reshaping deposit flows, funding costs, and valuation multiples across the sector. Analysts warn that low-cost CASA (Current &amp; Savings Account) balances, a key profitability [&hellip;]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-21894","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/21894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=21894"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/21894\/revisions"}],"predecessor-version":[{"id":21896,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/21894\/revisions\/21896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/21895"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=21894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=21894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=21894"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=21894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}