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IDFC First Bank, IDFC First Bank scam, IDFC First Bank fraud

IDFC Bank fraud: Haryana power utility's chief financial officer Amit Dewan dismissed for 'blatant corruption, gross misconduct'

May 04, 2026 12:26 pm

The probe into the alleged IDFC Bank scam found that Amit Dewan allegedly conspired with key accused to siphon government funds through multiple bank accounts.

New India Cooperative Bank, New India Cooperative Bank fraud

New India Cooperative Bank case: Mumbai court raps ex-officials, says plea for virtual appearance 'reeks of huge entitlement'

April 28, 2026 12:15 pm

The former chairperson and vice-chairperson of New India Cooperative Bank sought a stay on the proclamation against them, citing their inability to return to India due to a "hostile environment" and threats to their lives.

RBI proposes delay for high-value transfers (Reuters Photo/File)

Why RBI proposes 1-hour delay for digital payments above Rs 10,000

April 12, 2026 4:55 pm

RBI Digital Payment Rule Update: RBI proposes a 1-hour delay for digital transactions above Rs 10,000 to curb fraud. Check why the rule is suggested.

On Sunday, the bank disclosed that it had detected a suspected fraud of approximately Rs. 590 crore at its Chandigarh branch, linked to a cluster of accounts linked to the Haryana Government.

IDFC Rs. 590 crore fraud case: Anybody found guilty will not be spared, Haryana CM Nayab Singh tells House

February 23, 2026 4:34 pm

On Sunday, IDFC First Bank disclosed that it had detected a suspected fraud of approximately Rs. 590 crore at its Chandigarh branch, linked to a cluster of accounts linked to the Haryana Government.

After Maharashtra cyber police was alerted about the scam, they began a probe and started looking through details of the various bank accounts where the money had been transferred.

Fraudsters used 6,500 bank accounts to split Rs 58 crore they cheated from 72-year old Mumbai share trader and his wife to avoid money getting tracked

October 17, 2025 4:45 pm

The official added that after withdrawing the money by cheque, they deposit the money in another account of the same bank which is unlinked to the other accounts and thus, is not traced by cops.

Digital arrest scam: Even as MHA, RBI act to curb cyber fraud, citizens lose over Rs 2,500 crore in 2 years

September 16, 2025 9:38 am

Banks, regulators race to contain rising scam

3 arrested for 'siphoning off' Rs 25.54 lakh from Chandigarh resident’s bank account

August 24, 2025 11:04 pm

So far, the police have secured a lien amount of Rs 5.43 lakh in the accused person's bank accounts

Following the ED’s affidavit, the special court ordered the restitution of immovable properties valued at Rs. 45.26 crore belonging to Sagar Suryawanshi Group to liquidator of Seva Vikas Co-operative Bank.

Seva Vikas Co-operative Bank fraud case: Depositors to get lost money after liquidation of former bank chairman's properties worth Rs 45 crore

August 23, 2025 11:32 am

On Friday, the ED said that an application under Section 8 (8) of the Prevention of Money Laundering Act (PMLA) was moved by the liquidator of the co-operative bank before the special PMLA court.

Gujarat: CBI court sentences former bank manager, 4 others to five years' RI in fraud case dating back to 2006

July 01, 2025 12:24 am

A statement from CBI on Monday said the court convicted and levied a fine of Rs 1 lakh each on three firms – M/s Tulsi Pharma Distributors, Porbandar; M/s Tulsi Telecom, Porbandar; and M/s Vachhraj Petroleum, Porbandar