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IDFC First Bank shares fall after CBI conducts searches, lender shares update on Rs 646 crore fraud case
IDFC First Bank shares dipped as the CBI conducted searches in connection with a Rs 646 crore fraud case. A forensic review by KPMG confirmed collusion involving bank employees, government officials, and third parties. The bank has compensated the affected government departments and is cooperating with authorities.
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economictimes.indiatimes.com
IDFC First Bank fraud was isolated case involving collusion: KPMG
A forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident. The fraud involved collusion between bank employees,…
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newsbytesapp.com
IDFC Bank's Chandigarh fraud was an isolated incident: KPMG
A KPMG forensic review confirmed the ₹646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident involving collusion among employees and third parties.
