Tag: unauthorised and fraudulent activities
BANKING & FINANCE Probe On, No Systemic Impact: IDFC First Bank Reassures Investors

IDFC First Bank which has appointed global audit firm KPMG to conduct a forensic investigation into a ₹590-crore fraud at one of its Chandigarh branches involving accounts linked to Haryana government departments, has moved to reassure investors about its capital strength and internal controls. Addressing investors, the bank’s top management described the incident as a […]

CW Bureau · Feb 24, 2026
BANKING & FINANCE IDFC First Bank Flags ₹590 Cr Fraud In Haryana Govt-Linked Accounts

IDFC First Bank Ltd has reported an incident involving alleged unauthorised and fraudulent activities at one of its branches in Chandigarh, potentially impacting a specific group of Haryana government-linked accounts, with an aggregate amount of approximately ₹590 crore under reconciliation. In a regulatory filing to stock exchanges on Saturday, the bank said the issue came […]

CW Bureau · Feb 22, 2026