24
Feb
A day after IDFC FIRST Bank disclosed a ₹590-crore fraud involving accounts linked to the Haryana government, Sanjay Malhotra, Governor of the Reserve Bank of India (RBI), said the central bank is closely monitoring the situation and there is “no systemic issue” affecting the broader banking system.Speaking to reporters after the customary post-Budget meeting of the RBI’s central board of directors, the governor stated that while the central bank does not comment on individual banks or regulated entities, it is keeping watch on developments. He emphasized that the incident does not pose any risk to the stability of the financial…
