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

IDFC First Bank on Sunday disclosed a ₹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 the wee hours, IDFC First Bank said it has disclosed the matter to the banking regulator and also filed a police complaint."Prima facie, unauthorised and fraudulent activities have been carried out by certain employees at a particular branch in Chandigarh in a specific set of Haryana state government accounts an ...