IDFC First Bank Discloses Rs 590 Crore Fraud at Chandigarh Branch Involving Government Accounts.

IDFC First Bank disclosed a Rs 590 crore fraud at a Chandigarh branch involving government accounts. Four suspected officials have been suspended pending investigation, and the bank is conducting an independent forensic audit. Strict disciplinary, civil, and criminal actions will be taken against the responsible employees and external individuals.