Chandigarh: Settled Rs 645-crore claims: IDFC First Bank
The incremental principal payout against the claims was Rs 55 crore more than the original estimate
Chandigarh
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Chandigarh
IDFC FIRST Bank: Paid Rs 645 crore to settle client claims in Chandigarh fraud case
IDFC FIRST Bank stated it settled Rs 645 crore in client claims, exceeding initial estimates by Rs 55 crore, related to a past incident. Reconciliation is complete with no further discrepancies; the bank will pursue recovery from perpetrators. Deposit balances remain stable.
Chandigarh
Suspecting scam by missing staffer, Chandigarh MC looks to SSP for help
The Municipal Corporation requested police help investigating a missing outsourced accounts employee due to financial discrepancies. The employee had access to large fixed deposit information and banking OTPs. The probe began after an audit, prompted by a larger fraud scam. Funds were moved from a private to a nationalized bank.
