The Economic Times

IDFC First Bank discloses Rs 590 crore fraud at Chandigarh branch involving Haryana govt accounts

IDFC FIRST Bank has uncovered a significant fraud totaling Rs 590 crore. The incident involves employees at one of its Chandigarh branches. Four suspected officials have been suspended pending a thorough investigation. The bank is also appointing an independent agency to conduct a forensic audit. Strict action will be taken against all involved parties.