IDFC First Bank adds ₹55 cr to Chandigarh fraud payout

IDFC First Bank is making headlines again! They just paid an extra ₹55 crore to settle claims after a fraud mess at their Chandigarh branch. Now, the total payout is a whopping ₹645 crore! Some sneaky employees were caught with forged papers, but no worries—the bank's deposits are still strong at ₹2.92 trillion. KPMG is on the case, so justice is on the way!

Quick rundown

1.IDFC First Bank settles ₹645 crore fraud claim.

2.Chandigarh branch fraud involved forged instruments.

3.KPMG appointed for forensic audit of the incident.

4.Bank's deposit base remains stable despite fraud.

5.Fraud linked to a single branch, no further claims pending.

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