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Kotak Mahindra Bank responds over alleged fraud: Initiated detailed reconciliation of FDs to Panchkula Municipal Corp

Kotak Mahindra Bank today said it has initiated a detailed reconciliation of fixed deposits and linked bank accounts maintained by the Municipal Corporation of Panchkula, following instructions from ...
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Rs 590 crore fraud rocks IDFC First Bank: Four officials suspended, forensic audit underway; what we know so far

IDFC First Bank has uncovered a major fraudulent activity at its Chandigarh branch, with discrepancies amounting to around Rs 590 crore. The bank has suspended four officials linked to the case and is ...