Women in India aspire to leadership roles, but corporate progress is slowing. Many companies report no increase or a decline in women leaders. The mid-career stage sees women exiting the workforce. Perceptions of promotion fairness have decreased. Strengthening promotion pathways…
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India is reviewing its trade agreement with the United States. A recent US Supreme Court ruling has impacted tariff decisions. This development provides India an opportunity to re-evaluate its negotiation approach. The nation is not planning to withdraw from the…
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IDFC First Bank disclosed Rs 590 crore in fraudulent transactions linked to Haryana government accounts, stemming from employee collusion at its Chandigarh branch. Despite the significant provisioning, the bank anticipates remaining profitable. A forensic audit by KPMG is underway, and…
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Haryana government has de-empanelled AU Small Finance Bank and IDFC First Bank from government business due to alleged fraudulent account openings. AU Small Finance Bank denies wrongdoing, stating all KYC checks were completed and transactions were initiated by the government…
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IDFC First branch fraud case: The transactions were executed using forged cheques and manually carried out at the branch, managing director and chief executive V Vaidyanathan told ET.
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IDFC First Bank’s market capitalization plummeted by Rs 14,438 crore after a Rs 590 crore fraud at its Chandigarh branch. Employees allegedly conducted unauthorized transactions in Haryana state government accounts, leading to a significant deposit balance discrepancy. The bank insists…
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