Banks are tightening controls on transactions with major branches after the IDFC First Bank fiasco

Medium and small lenders may experience short-term consequences if government agencies park their money with state lenders | Photo credit: iStockphoto Lenders have been scrutinizing high-value, branch-generated check-based transactions after IDFC First Bank reported a material fraud of ₹590 crore from its sole branch in Chandigrah last week, senior bankers say. “We plan to implement […]