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RBI Says No Systemic Risk In IDFC First Bank Fraud

By BPN News Desk February 24, 2026
rbi sanjay malhotra
Business Finance
IDFC First Bank has disclosed a suspected ₹590 crore fraud linked to government-related accounts, triggering a sharp fall in its share price and prompting an RBI review. The Reserve Bank of India said the incident does not pose a systemic risk to the wider banking sector and is being closely

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