IDFC First Bank reports Rs 590 crore fraud in Haryana government accounts

IDFC First Bank reported a Rs 590 crore discrepancy in Haryana government deposits at its Chandigarh branch, suspending four employees. The bank has initiated a forensic audit and is working with other banks to recover funds. This disclosure follows Haryana’s directive for departments to close accounts with specific private lenders due to suspected financial irregularities.