Crores were diverted from the Haryana Development and Panchayat Department’s account using forged cheques, the probe into the Rs 590 crore IDFC First Bank fraud has revealed.

IDFC First Bank management said the initially identified amount stood at ₹490 crore, with an additional conservative estimate ...

RBI governor says "watching the development" around the alleged ₹590-crore fraud but assured the public that “there is no systemic issue”.

The ₹590-crore fraud involving Haryana government accounts is the result of a collusion between employees of the IDFC Bank and external parties, its Managing Director and Chief Executive V ...

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 ...

The looming closure of the only bank in a small Manitoba community has residents upset and demanding a solution that doesn't involve leaving town to do their banking. CIBC announced plans in December ...

“We expect the same demand drivers from 2025 to remain in place,” the team of analysts led by Anita Soni, said in a note on Wednesday. Extreme volatility shook the gold trade last week and early this ...

* Cash distribution per unit ($) amounts are USD for CUSD.U, CTUD.U, and CTUE.U CIBC ETFs and the ETF Series of the CIBC Fixed Income Pools and CIBC Investment Grade Bond Funds are managed by CIBC ...

The asset management subsidiary of Canadian Imperial Bank of Commerce (CM) launched an institutional open-ended fund offering access to a diversified portfolio of senior secured, floating-rate loans ...

The City of Surrey has filed a new lawsuit to recoup $2.5 million lost through fake cheques allegedly written by an ex-employee to herself. The lawsuit, filed on Dec. 23 in B.C. Supreme Court against ...

VANCOUVER — The City of Surrey is suing the Canadian Imperial Bank of Commerce and Coast Capital Savings to recover more than $2.5 million allegedly stolen in a fraudulent cheque scheme spanning seven ...

A Surrey Police Service patch is seen on an officer's uniform in Surrey, B.C., on Friday, Nov. 29, 2024. THE CANADIAN PRESS/Darryl Dyck VANCOUVER — The City of Surrey is suing the Canadian Imperial ...