Staff collusion led to Haryana Government account fraud: IDFC Bank

The ₹590-crore fraud involving Haryana Government accounts is the result of a collusion between employees of the IDFC Bank and external parties, its Managing Director and Chief Executive V. Vaidyanathan said on Monday (February 23, 2026).In a specially convened call for investors and analysts ahead of the opening of the equity markets, Mr. Vaidyanathan said the bank will take some provisions as a result of the fraud and in line with its policies to recognise any stress upfront.However, the same is unlikely ...