IDFC First Bank Reports ₹590 Crore Fraud at Chandigarh Branch – What Happened?

3D news-style illustration showing IDFC First Bank Chandigarh branch with warning symbol, Rupee icon, and text highlighting ₹590 crore fraud, representing a major banking fraud case in India.

India’s banking sector witnessed a major development after IDFC First Bank disclosed a ₹590 crore fraud detected at its Chandigarh branch. The incident, involving accounts linked to the Haryana Government, has triggered internal investigations, regulatory disclosures, and disciplinary action. Such cases attract significant public attention because they highlight the importance of internal controls, compliance systems, … Read more