Four people have been arrested in the ₹590-crore IDFC First Bank fraud case. Haryana’s State Vigilance and Anti-Corruption Bureau made the arrests on 24 February evening as a part of the ongoing investigation, PTI reported. Among those arrested are two former IDFC First Bank employees, Ribhav Rishi and Abhay. The other two accused are Abhay’s…
IDFC First Bank fraud: After an over 16% crash in the previous session, IDFC First bank share price steadied on Tuesday, February 24. The crash yesterday came after the lender disclosed that a ₹590 crore fraud had been detected at its Chandigarh branch, involving accounts linked to the Haryana government. The revelation, made over the…
IDFC First Bank Share : IDFC First Bank shares are on the market radar with investors after the ₹590 crore fraud case came to light. Till the time of writing on Tuesday, January 24, the stock is having mixed trading on a flat note. Stock the day before ( IDFC First Bank Share) A huge…
Taking a strong action, Haryana Government has de-empanelled IDFC First Bank and AU Small Finance Bank for government business with immediate effect. That means, till further orders, no government department of the state will neither deposit money, nor invest nor do any transaction through these banks. In the circular issued by the Finance Department, it…
IDFC First Bank fraud: IDFC First Bank shares hit its 10% lower circuit of ₹75.21 on Monday, February 23 after the lender informed stock exchanges that it had uncovered fraudulent transactions worth around ₹590 crore at one of its branches in Chandigarh, allegedly involving a few employees. As per the lender, the issue came to…
