IDFC First Bank's stock crashed after the bank disclosed a Rs 590 crore fraud involving unauthorized transactions from Haryana government accounts at its Chandigarh branch. The bank stated it's an isolated case and has suspended four employees.

IDFC First Bank has disclosed a Rs 590 crore fraud involving Haryana government deposits at its Chandigarh branch, leading to the suspension of four employees and the initiation of a forensic audit.