Stock Crashes as Fraudulent Transactions Surface at Chandigarh Branch
Mumbai, February 23: Shares of IDFC First Bank tumbled to the 20 per cent lower circuit on Monday after the lender disclosed fraudulent transactions amounting to around ₹590 crore at its Chandigarh branch.The stock fell...
account reconciliation
au small finance bank
bank investigations
bank suspensions
banking sector
chandigarh branch
financial crime
financial loss
financial reporting
fixed deposits
fraudulenttransactions
haryana government accounts
idfc first bank
regulatory compliance
state government finances
Four Officials Suspended as Bank Initiates Criminal and Forensic Action
New Delhi, February 22: IDFC First Bank has disclosed a fraud amounting to ₹590 crore at its Chandigarh branch, involving accounts linked to the Haryana government. The bank confirmed on Sunday that four suspected officials...
