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IDFC First Bank detects ₹590 cr fraud in Chandigarh branch, suspends four

The New Indian Express Thrissur

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February 23, 2026

IDFC FIRST

- ENS ECONOMIC BUREAU @NewDelhi

Bank has flagged a potential ₹590 crore fraud at one of its branches in Chandigarh involving accounts linked to departments of the Haryana government and has suspended four officials pending probe.In a stock exchange filing under SEBI's Listing Regulations on February 21, the bank said it identified “unauthorised and fraudulent activities” by certain employees at a branch in Chandigarh, potentially in collusion with other individuals, entities or counterparties. The issue surfaced after the bank received a request from a Haryana gov

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