KPMG Confirms IDFC First Bank's ₹646 Crore Chandigarh Fraud Was Isolated
A KPMG forensic review verified that the ₹646 crore fraud at IDFC First Bank’s Chandigarh branch stemmed from collusion among branch staff, customer representatives, and outsiders, but was confined to that single location. The bank has already recorded the loss and is cooperating with investigators.