In the last one year, two private banks have been hit by fraud, though of different natures. In March last year, Indusind ...

IDFC First Bank Managing Director and CEO V. Vaidyanathan sought to limit the fallout, asserting that the lapse was restricted in scope and stemmed from internal collusion rather than any broader ...

Almost 55 years ago, Rustom Nagarwala impersonated an authority from the prime minister’s office and persuaded a cashier at ...

Despite a tightening of monitoring and supervision by the RBI in recent years, the banking sector has witnessed multiple cases of frauds involving internal manipulations. Here's a look.

The final impact would depend on validation of claims, recoveries — including through lien marking of balances in suspected beneficiary accounts held with other banks — liabilities of entities ...

IDFC FIRST Bank has reported unauthorised and fraudulent activities allegedly carried out by certain employees at a branch in ...

IDFC First Bank pays Rs 583 crore to Haryana government after reporting a Rs 590-crore fraud at its Chandigarh branch, and works with authorities on recovery and action ...

After a sharp sell-off, analysts believe IDFC First Bank’s valuation reset reflects the worst-case earnings impact of the ...

IDFC First Bank reports ₹590 crore fraud at Chandigarh branch involving Haryana government-linked accounts; investigation and forensic audit underway.