Mint

IDFC First fraud: What does the ₹590-crore scam mean for the bank?

IDFC First Bank disclosed on Sunday a suspected ₹590-crore fraud at its Chandigarh branch, involving a set of Haryana government-linked accounts. Certain branch employees, “most possibly in connivance ...
Mint

IDFC First Bank fraud: 4 arrested in ₹590-crore case; here’s how they allegedly executed the scam

Four people have been arrested in the ₹590-crore IDFC First Bank fraud case. Haryana’s State Vigilance and Anti-Corruption Bureau made the arrests on 24 February evening as a part of the ongoing ...
NDTV

IDFC First Bank's Stock Fall 20% After Rs 590-Crore Fraud

Shares of IDFC First Bank tumbled 20 per cent on Monday after the private sector lender disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government.
The Financial Express

IDFC First Bank probe: What’s happened so far and why analysts flag earnings and governance risks

IDFC First Bank under scrutiny after Rs 590 crore fraud. (Image: Reuters) IDFC First Bank is the stock of the moment. The share price of IDFC First Bank has crashed nearly 20% on the Rs 590 crore ...
Asian News International

IDFC bank fraud case: Four accused sent to seven-day police remand, next court hearing on March 4

Panchkula (Haryana) [India], February 25 (ANI): The Panchkula District Court on Wednesday sent all four people to a seven-day police remand in connection with a massive financial fraud involving IDFC ...
Indiatimes

What is the IDFC First Bank Rs 590 crore fraud case? Explained in 10 points

The scale of the suspected fraud is larger than the bank’s third-quarter net profit of Rs 503 crore. (AI image) IDFC First Bank fraud: A Rs 590 crore fraud, at IDFC First Bank’s Chandigarh branch, has ...
The Financial Express

IDFC First Bank says ‘well capitalised, profitability on track’, share price crashes nearly 20%

The IDFC First Bank share price is in the spotlight today, February 23, after the bank disclosed a suspected fraud of around Rs 590 crore at one of its branches in Chandigarh. The share price plunged ...
Hindustan Times

IDFC First Bank shares slip 20% after ₹590 crore fraud is detected

Shares of India's IDFC First Bank Ltd. fell by a fifth on Monday after ₹590 crore fraud was detected at its branch in Chandigarh. V. Vaidyanathan, chief executive officer of IDFC First Bank. (Reuters) ...
NDTV

IDFC FIRST Bank Detects Rs 590 Crore Fraud In Haryana Government Accounts

IDFC First Bank on Sunday disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government with the private sector lender. In a regulatory filing made in ...
Business Line

IDFC First Bank discloses ₹590 cr fraud by employees in Haryana govt accounts

https://www.thehindubusinessline.com/money-and-banking/idfc-first-bank-discloses-590-cr-fraud-by-employees-in-haryana-govt-accounts/article70662781.ece Copy IDFC ...
Business Today

What IDFC First Bank management said in today's concall

IDFC First Bank Ltd MD and CEO V Vaidyanathan in a concall on Monday morning said the bank would scan every nook and corner for any process gaps or employee-collusion fraud and would make the ...