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‘Closely watching’

‘Closely watching’

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24 Feb 2026 11:03 AM IST

New Delhi: The 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.

RBI Governor Sanjay Malhotra said the regulator is closely monitoring the situation but there is no broader threat to financial stability.

banking stability no systemic risk financial stability regulator statement banking oversight fraud monitoring Chandigarh branch case investor reassurance central bank response regulated entities India banking sector New Delhi finance news Reserve Bank of India Sanjay Malhotra IDFC First Bank