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No systemic issue here: RBI Governor on IDFC First Bank's ₹590-crore fraud by staff
short by Bhawana Chaudhary / on Monday, 23 February, 2026
Reserve Bank of India Governor Sanjay Malhotra on Monday reacted to IDFC First Bank's ₹590-crore fraud committed by its employees at a Chandigarh branch in Haryana government-linked accounts. "We are watching the development, there is no systemic issue here," said Malhotra. "Banks have enough capital with them. Capital adequacy is 17% while the requirement is of 11.5%," he added.
read more at Moneycontrol