BasisPointInsight.com - When Risk Frameworks Fail: The ₹5.9-Billion Reality Check by Anupam Sonal The IDFC First Bank fraud exposes how formal controls collapse under pressure, revealing the dangerous gap between risk frameworks and institutional reality. by Anupam Sonal, BasisPointInsight.com

1/3 Can a ₹5.9-billion fraud happen because controls are weak — or because behaviour overrides frameworks? If sophisticated systems fail to flag prolonged irregularities, are we facing a technology gap or a governance gap?

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