23-February-2026
Banking
 
RBI sees no systemic risk in Rs 590-crore fraud uncovered by IDFC First Bank
23-Feb-2026

The Reserve Bank of India on Monday said that it sees no systemic risk emerging from the IDFC First Bank fraud case. Addressing a joint press conference alongside Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra said, "We are watching the development, there is no systemic issue."

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-sees-no-systemic-risk-in-rs-590-crore-fraud-uncovered-by-idfc-first-bank/articleshow/128702976.cms
 
 
 

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