The discrepancy first came to light when a government request to transfer funds revealed a Rs 490 crore shortfall. Subsequent ...

IDFC First Bank on Monday said it is engaging with various investigative agencies to recover ₹590 crore lost due to a fraud at its Chandigarh branch, where the Haryana government had multiple accounts ...

IDFC First Bank disclosed Rs 590 crore in fraudulent transactions linked to Haryana government accounts, stemming from ...

An investigation revealed that a large borrowing company — allegedly linked to individuals from Haryana — had taken loans from IDFC First Bank but failed to repay, raising suspicion of fraud.

IDFC FIRST Bank said the Rs 590 crore fraud at its Chandigarh branch is an isolated case with limited financial impact. CEO V. Vaidyanathan assured strict action, forensic audit by KPMG, and recovery ...

IDFC First Bank reported unauthorized transactions by employees at its Chandigarh branch, impacting Haryana government accounts by approximately Rs 590 crore. While the bank investigates and plans ...

Bank appoints KPMG for forensic audit | CEO expects lender to remain profitable ...

IDFC FIRST Bank will get Rs 35 crore from its employee dishonesty insurance. This follows a Rs 590 crore fraud at its ...

Despite a tightening of monitoring and supervision by the RBI in recent years, the banking sector has witnessed multiple cases of frauds involving internal manipulations. Here's a look.