IDFC FIRST Bank Honors ₹583 Crore Haryana Government Payment, Praised for Principled Action

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

IDFC FIRST Bank Pays ₹583 Cr to Haryana Govt After Fraud Incident

Representational image (Image: News18)

N

News18•25-02-2026, 13:15

IDFC FIRST Bank Pays ₹583 Cr to Haryana Govt After Fraud Incident

•IDFC FIRST Bank honored ₹583 crore in principal and interest to the Haryana Government following a fraud incident at its Chandigarh branch.
•Preliminary findings suggest fraudulent actions by branch employees, potentially in collusion with external parties, are under investigation.
•The Haryana Government departments thanked the bank for its principled approach and prompt action despite the ongoing investigation.
•IDFC FIRST Bank is financially strong, well-capitalized, and determined to bring the perpetrators of the fraud to justice.
•The bank maintains healthy asset quality, strong capital adequacy, and is investing in future growth and technology.

Read Full Article on News18 in English

✦

More like this

✦

More like this

Nayab Singh Saini

Haryana CM Saini Vows to Recover Every Paisa in Rs 590 Crore IDFC FIRST Bank Fraud

IDFC फर्स्ट बैंक में बड़ा स्कैम देखने को मिला. (Image:News18)

IDFC First Bank ₹590 Cr Fraud: Mastermind, 3 Others Arrested in Haryana

৫৯০ কোটি টাকার ব্যাঙ্ক জালিয়াতির মামলায় আশ্বাসবাণী হরিয়ানার মুখ্যমন্ত্রী সাইনির

Haryana CM Saini Addresses Rs 590 Crore Bank Fraud, Assures Funds Safe

RBI Governor on IDFC First Bank fraud: 'No systemic issue here'

RBI Governor on IDFC First Bank fraud: 'No systemic issue here'

IDFC First Bank: Shares of IDFC First Bank will be in focus today, after the lender disclosed a ₹590 crore fraud on Sunday. In an exchange filing, the bank said it received a request from a Haryana government department to close its account and transfer funds to another bank. During the process, discrepancies were identified between the amount mentioned in the request and the actual account balance. The matter pertains to the bank's Chandigarh branch. The lender clarified that the issue does not impact other customers and that the financial effect will depend on further information, validation of claims, recoveries, and the legal process.

Haryana CM Orders In-Depth Probe into IDFC First Bank's ₹590-Crore Fraud

हरियाणा के सीएम नायब सिंह सैनी. (फाइल फोटो)

Haryana Recovers ₹556 Crore Scam Funds in 24 Hours, CM Announces High-Level Probe