IDFC First Bank reports ₹590-crore suspected fraud

SUBSEQUENTLY, FROM FEBRUARY 18 onwards, other Haryana government entities approached the bank regarding their accounts, where further mismatches were identified between the balances held with the bank and those stated by the entities.

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“Based on the preliminary internal review conducted, the matter is confined to a specific group of government-linked accounts within Haryana Government operated through the said branch in Chandigarh and does not extend to other customers of the Chandigarh Branch,’ the bank said.