Key facts
- IDFC First Bank's forensic review confirmed Rs 646 crore exposure in the Chandigarh fraud case.
- The bank has repaid the principal amount and interest to affected government departments.
- The financial impact was recognized in the fourth quarter of the fiscal year.
IDFC First Bank announced that a forensic review has confirmed its exposure of Rs 646 crore in relation to the Chandigarh fraud case. The bank has already taken steps to address the financial implications, having paid the principal amount along with applicable interest to the affected government departments. This financial impact has been recognized in the bank's books for the fourth quarter of the fiscal year.