Today news
About the same in other media
Can Fin Homes says employees committed nearly Rs 38.53 cr fraud
Reading now: 722
India's Can Fin Homes Ltd on Tuesday said employees at one of its branches had committed fraud of nearly Rs 38.53 crore ($4.7 million) by transferring funds to different personal bank accounts. The housing financier said it estimates a one-time impact on its profitability of the same amount, without giving a timeline.
It added that there was no impact on its assets or asset quality due to the incident. The fraud was committed over a period of time and detected on July 24, Can Fin Homes said.
Read more on economictimes.indiatimes.comAbout this in other media
India export ban: World rice price index jumps to near 12-year high in July: FAO livemint.com /1 year ago
Ontario Teachers' weighing $100-million investment in India's Xpressbees, sources say financialpost.com /1 year ago
Australia and Canada are one economy—with one set of flaws livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
