The Economic Times

590 crore fraud at IDFC First Bank: How one branch defrauded govt accounts & rattled banks shares

IDFC First Bank is currently delving into a potential 590 crore fraud case linked to its Chandigarh branch. The alarm was raised when various departments within the Haryana government detected irregularities in their financial statements. This revelation has prompted a thorough investigation from multiple agencies, coupled with a comprehensive forensic audit.