IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch

IDFC First Bank Uncovers ₹590 Crore Fraud at Chandigarh Branch

Économie

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.

Acteurs

IDFC First Bank Haryana government Chandigarh branch employees

Lieux

Chandigarh branch, IDFC First Bank

Articles

22 février 2026
2 au total
IDFC First Bank discloses Rs 590 crore fraud at Chandigarh branch involving Haryana govt accounts
IDFC First Bank discloses Rs 590 crore fraud at Chandigarh branch involving Haryana govt accounts

The Economic Times • 22 fév. 03h54

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.

Crédibilité 85% Manip. 10% Centre
IDFC First Bank flags Rs 590-crore fraud in Haryana govt-linked accounts at Chandigarh branch
IDFC First Bank flags Rs 590-crore fraud in Haryana govt-linked accounts at Chandigarh branch

Moneycontrol • 22 fév. 03h19

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.

Crédibilité 85% Manip. 10% Centre

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