The nature of fraud has been defined as misappropriation of funds. The estimated impact is a one-time impact on the profitability to the extent of the amount misappropriated but no impact on assets/asset quality. The fraud was committed over a period of time and was detected on July 24, 2023.
The internal team of Can Fin Homes has found that employees of Ambala branch of the Company have committed fraud over a period of time by transfer of funds to different personal bank accounts by misusing the cheque signing authority.The nature .
The internal team of Can Fin Homes has found that employees of Ambala branch of the Company have committed fraud over a period of time by transfer of funds to different personal bank accounts by misusing the cheque signing authority.
HDFC Ltd-HDFC Bank Merger: If you have a fixed deposit with HDFC Ltd., you are bound to witness certain changes post-merger. Your FD account number with HDFC Ltd. will remain the same after the HDFC Ltd.-HDFC Bank merger. But will the merger impact your FD interest rate, premature withdrawal, pay-out, maturity instructions? ET Wealth explains.
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