India, Feb. 22 -- A major financial irregularity amounting to Rs. 590 crore has surfaced at IDFC First Bank's Chandigarh branch, involving accounts linked to the Haryana Government. A case has been registered in connection with the alleged fraud, and the bank has suspended four of its employees pending investigation.

According to official sources, the irregularity came to light during an internal reconciliation process. The bank subsequently informed the Stock Exchange about the development and initiated internal action against the concerned officials.

The issue pertains to funds held in accounts operated on behalf of the Haryana Government. Upon noticing discrepancies, the state government directed the bank to close the concerned accou...