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Ankit Gupta

22nd Feb · SEBI-Registered Analyst

IDFCFIRSTB
has disclosed a suspected ₹590 crore fraud at its Chandigarh branch involving government-linked accounts. The discrepancy surfaced after a request to close a Haryana government account and transfer funds to another bank revealed mismatched balances. Subsequent checks identified similar irregularities in other government accounts at the same branch.

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