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RBI monitoring IDFC First Bank fraud, sees no systemic risk: Sanjay Malhotra

The Reserve Bank of India is closely monitoring a 590 crore fraud case linked to IDFC First Bank, with Governor Sanjay Malhotra stressing that it does not pose a systemic risk to the banking sector. The RBI is preparing updated projections for retail inflation and is actively managing liquidity in the financial system.

24 Feb 2026 6:00 am