The Economic Times

Keeping watch on development around IDFC First Bank fraud; not systemic issue: RBI Guv

Reserve Bank Governor Sanjay Malhotra stated the central bank is monitoring the Rs 590-crore fraud at IDFC First Bank. He assured it is not a systemic issue. The fraud involved employees and others at a Chandigarh branch in Haryana state government accounts. IDFC First Bank has suspended suspected employees.