IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch

IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch

Business

IDFC First Bank discovered fraudulent activities amounting to ₹590 crore at its Chandigarh branch. The fraud involved accounts linked to the Haryana government. In response, the bank suspended four employees connected to the case. A forensic audit has been initiated to investigate the matter further. The bank has also filed a police complaint and started legal actions related to the fraud. This incident highlights significant unauthorized financial activities within the Chandigarh branch of IDFC First Bank.

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IDFC First Bank Haryana government Chandigarh branch employees

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Chandigarh branch, IDFC First Bank

Articles

February 22, 2026
2 total
IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch
IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch

The Economic Times • 22 Feb 03:54

IDFC First Bank has identified fraudulent activities totaling ₹590 crore at its Chandigarh branch, involving Haryana government-linked accounts. Four employees have been suspended, and a forensic audit is underway.

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IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch
IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch

Moneycontrol • 22 Feb 03:19

IDFC First Bank has identified unauthorized activities involving ₹590 crore in Haryana government-linked accounts at its Chandigarh branch, leading to the suspension of four employees and the initiation of a forensic audit.

Credibility 85% Manip. 10% Center

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