New Delhi, Feb. 22 -- Four employees at an IDFC First Bank branch in Chandigarh are suspected to be involved in a Rs.590 crore fraud targeting Haryana government-linked accounts, the bank informed the exchanges on 21 February.

As per the filing, IDFC First Bank has identified fraudulent activities by certain employees at a branch in Chandigarh, potentially involving other individuals or entities as well. The aggregate amount under reconciliation across the identified accounts at the particular branch at around Rs.590 crore.

In a filing with the BSE, the lender said the fraud was found following a preliminary internal assessment. Impacted customers include a specific group of government-linked accounts within Haryana Government operated ...