The Economic Times

IDFC First Bank settles Chandigarh fraud claims at 645 crore; says deposits stable, no further discrepancies found

IDFC FIRST Bank has finalized its Chandigarh branch account reconciliation. The bank confirmed no further discrepancies exist. It has paid claimants a net principal amount of 645 crore. This brings partial closure to a fraud incident. The bank's deposit balance remains stable. It continues legal action to recover dues.