The Indian stock market is expected to open higher on Wednesday, driven by positive global market cues, after stabilising from the sharp decline seen in the previous session.
Four individuals, including two former IDFC First Bank employees, have been arrested in a ₹590-crore fraud case. The Haryana ...
IDFC First Bank stock tumbles after Rs 590 crore fraud. Here’s which mutual funds hold exposure and what investors should watch., Markets, Times Now ...
Shares of $7 bln Warburg Pincus-backed IDFC fell 16% after it flagged a suspected fraud in government accounts and a blame-game ensued. The market reaction is overblown but the lender's inconsistent ...
Haryana Chief Minister Nayab Singh Saini announced the recovery of nearly Rs 556 crore in the IDFC First Bank fraud case within 24 hours. The state's Anti-Corruption Bureau is actively investigating ...
IDFC First Bank Rs 590 fraud case: IDFC First Bank has reported unauthorised transactions at its Chandigarh branch, affecting ...
The Anti-Corruption Bureau's FIR reveals that the cheques bore forged signatures of a senior IAS officer, who had relinquished charge much before the bank accounts were opened.
Haryana Chief Minister Nayab Singh Saini attributes the fraud to collusion by lower-level employees at Chandigarh banks & ...
Private lender IDFC First Bank has announced that some employees at its Chandigarh branch made unauthorized transactions in ...
A fraud this size should never have slipped past routine controls. This article attempts to explain just how sharply the Rs 590-crore fraud impacts IDFC First Bank.
The discrepancy first came to light when a government request to transfer funds revealed a Rs 490 crore shortfall. Subsequent ...
The bank has suspended four officials in connection with the incident and has filed complaints with law enforcement ...