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IDFC Bank fraud: No systemic risk here, we’re watching developments, says RBI Governor New Delhi, Feb 23 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Monday said there is no systemic risk to the banking system and stressed that the Central Bank does not comment on individual banks or regulated entities, as IDFC First Bank revealed the Rs 590-crore fraud at its Chandigarh branch. Addressing a joint press conference after a meeting of the RBI’s central board of directors in the national capital, RBI Governor Sanjay Malhotra said the regulator is closely monitoring the situation but there is no broader threat to financial stability.

IDFC Bank fraud: No systemic risk here, we're watching developments, says RBI Governor #IDFCBank #RBIGovernor #socialnewsxyz

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#UnsolicitedCommercialCommunication from #IDFCBank

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