IDFC Bank Attributes Haryana Government Account Fraud to Staff Collusion
IDFC Bank's Managing Director Vaidyanathan stated that staff collusion was responsible for a fraud involving a Haryana Government account, and the bank will make provisions in line with its policies.
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Staff collusion led to Haryana Government account fraud: IDFC Bank
IDFC’s Managing Director Vaidyanathan said the bank will take some provisions as a result of the fraud and in line with its policies to recognise any stress upfront
Read full article →IDFC First Bank's Stock Fall 20% After Rs 590-Crore Fraud
Shares of IDFC First Bank tumbled 20 per cent on Monday after the private sector lender disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government.
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