IDFC First Bank paid ₹645 crore towards Chandigarh fraud claims
The Hindu
IDFC First Bank settles ₹645 crore fraud claims from its Chandigarh branch, confirming no further discrepancies or pending claims.
IDFC First Bank on Tuesday (March 10, 2026) said it has settled fraud claims at a Chandigarh branch at ₹645 crore and has found no further discrepancies.
Private sector IDFC First Bank had last month disclosed a ₹590 crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set of Haryana State Government accounts.
In a regulatory filing on Tuesday (March 10), the bank said against the initial principal estimate of ₹590 crore, it has received claims and paid the net principal amount of ₹645 crore, which is ₹55 crore more than the original estimates.
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