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IDFC First Bank disclosed that employees at its Chandigarh branch carried out unauthorised dealings in accounts linked to the Haryana government. (AI image) IDFC First Bank fraud case: Haryana Chief Minister Nayab Singh Saini on Tuesday told the state assembly that the government has succeeded in recovering nearly Rs 556 crore linked to the IDFC…
IDFC First Bank share price today (AI image) IDFC First Bank share price today: IDFC First Bank stock opened in green on Tuesday a day after its shares recorded the worst crash since March 2020. At 9:18 AM, IDFC First Bank shares were trading at Rs 70.37, up 0.47%. The steep fall came on IDFC…
MUMBAI: On a day its stock slid 16%, IDFC First Bank said it will remain profitable despite a Rs 590-crore hit from fraudulent transactions in Haryana govt-linked accounts, traced to employee collusion at its Chandigarh branch. On a conference call, the bank’s CEO V Vaidyanathan said the bank has appointed KPMG for a forensic audit…
IDFC First bank has filed police complaints, informed regulators and statutory auditors, and begun recovery measures. The Reserve Bank of India (RBI) on Monday reacted to the IDFC First Bank fraud case that came to light over the weekend. “We are watching the development, there is no systemic issue,” RBI governor Sanjay Malhotra said.The Rs…
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 led to a massive erosion in investor wealth of over Rs 14,000 crore. The fraud has come to light…
IDFC First Bank stock price today: Shares of IDFC First Bank tumbled on Monday, hitting the 20% lower circuit at Rs 66.85 on the BSE. This sharp selling comes after the bank disclosed a Rs 590 crore fraud at its Chandigarh branch.Around 10:25 am, IDFC First Bank Ltd was trading down 18.84% or 15.73 points…
NEW DELHI: Prime Minister Narendra Modi on Sunday issued a blunt warning against the growing menace of digital fraud and so-called “digital arrest” scams, flagging how ordinary people — from senior citizens to families saving for children’s education — are being duped of their hard-earned money by cyber criminals.Even as he cautioned people to stay…
MUMBAI: IDFC First Bank has reported a Rs 590-crore discrepancy in deposits held on behalf of Haryana govt at its Chandigarh branch, and suspended four employees pending investigation.The bank’s filing comes after the state directed its departments to close accounts with private lenders on Feb 18. The matter was escalated to the bank’s board at…
MUMBAI: IDFC First Bank Ltd reported a Rs 590 crore discrepancy in deposits held on behalf of the Haryana Government at its Chandigarh branch, identified four employees as suspects and suspended them pending investigation. The bank’s filing comes after the state directed its departments to close accounts with private lenders on February 18. The matter…
Director Shamzu Zayba of the Saiju Kurup film ‘Abhilasham’ was arrested following a financial fraud complaint by producer Ann Sariga Antony. The producer alleges the director exceeded the agreed budget by nearly a crore, claiming misuse of funds. Zayba denies the accusations, stating the complaint is personal vengeance and budget hikes were unavoidable. The director…
