Employee fraud in banking
Search documents
IDFC shares slump 16% on Rs 590cr fraud
The Times Of India· 2026-02-23 21:29
On a conference call, the bank's CEO V Vaidyanathan said the bank has appointed KPMG for a forensic audit and holds employee-fraud cover of up to Rs 35 crore. Officials said forged cheques cleared at the branch triggered the fraud. "This is a specific isolated incident that happened in one branch with one client group," Vaidyanathan said, adding it is confined to "a particular branch in Chandigarh and is confined to a limited set of Haryana govt-linked accounts."On the call, Vaidyanathan ruled out a digital ...