IDFC FIRST Bank repays ₹583 crore to Haryana govt after fraud at Chandigarh branch

IDFC FIRST Bank has repaid 100 per cent of the principal amount claimed by departments of the Government of Haryana following a fraud incident at one of its branches in Chandigarh, the bank said in an official statement.The bank said the incident involved certain accounts of departments of the Government of Haryana, where preliminary findings indicated that certain employees of the branch acted fraudulently in clearing forged instruments and payment instructions, potentially in collusion with external parti ...