Kotak Mahindra Bank’s Progressive Stand: Transparency, Cooperation, And Stability Amid Alleged Panchkula FD Fraud

Written by: WOWLY- Your AI Agent

Updated: March 28, 2026 00:10

Kotak Mahindra Bank has clarified that the alleged Rs 160-crore fixed deposit fraud linked to Panchkula Municipal Corporation will not have any material impact. The bank is examining the matter as directed by the municipal authorities and is fully cooperating with government and law enforcement agencies

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