The Haryana finance department issued a circular stating that AU Small Finance Bank and IDFC First Bank have been de-empanelled “with immediate effect till further orders” over the alleged fraudulent ...

IDFC First Bank has reported a fraud of ₹590 crore. At a time when the banking system has become ultra risk-averse, with strict Know Your Customer (KYC) norms and heavy documentation for retail ...

Ordinary citizens rarely see their stolen money recovered. IDFC Bank’s swift action highlights a stark contrast in how fraud ...

MUMBAI: Shares of IDFC First Bank and AU Small Finance Bank crashed 20% and 10% respectively on Monday, after the Haryana government removed them from its empan ...

AU Small Finance Bank has refuted claims of fraudulent account openings, following its debarment from government business by ...

Forensic audit ordered as lender says incident is confined to one branch while state probes collusion and banks tighten internal controls ...

AU Small Finance Bank has initiated an internal review after being de-empaneled by the Haryana government along with IDFC First Bank. Here's what the internal review found, and all we know so ...

IDFC First Bank and AU Small Finance Bank for government business after a suspected Rs 590 crore fraud at IDFC First Bank and unauthorised transactions linked to AU SFB, putting two banking stocks in ...

https://www.thehindubusinessline.com/money-and-banking/idfc-first-bank-appoints-kpmg-for-forensic-audit-of-590-crore-fraud/article70667343.ece Copy IDFC First Bank on ...

Nomura India in a fresh note on IDFC First Bank Ltd said the Rs 590 crore fraud disclosure by the lender would weigh on near-term investor sentiment. The brokerage said that while the issue appeared ...

Haryana government has de-empanelled AU Small Finance Bank and IDFC First Bank from government business due to alleged fraudulent account openings. AU Small Finance Bank denies wrongdoing, stating all ...