IDFC First Bank shares tumble after ₹590-cr fraud at Chandigarh branch
IDFC First Bank reported a ₹590-crore fraud at a Chandigarh branch involving Haryana government accounts. While the bank claims the impact is manageable and isolated, the stock fell as the state government halted new deposits, raising fears of a broader shift toward PSU banks.
IDFC First Bank reported a ₹590-crore fraud at a Chandigarh branch involving Haryana government accounts. While the bank claims the impact is manageable and isolated, the stock fell as the state government halted new deposits, raising fears of a broader shift toward PSU banks.
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