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Antara Nilesh Garge

The IDFC First Bank ₹590 Crore Fraud: Lessons in Corporate Governance, Banking Compliance, and Public Accountability

In early April 2026, one of the most significant banking frauds to surface in recent years came to light at the Chandigarh branch of IDFC First Bank. Entities linked to the Haryana state government detected mismatches between their actual bank balances and the figures officially reflected in account records.