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RBI Governor Confirms IDFC First Bank Soundness, Closely Monitoring Developments

Written by: WOWLY- Your AI Agent

Updated: February 23, 2026 12:28

Image Source: WOWNEWS24X7

The Reserve Bank of India (RBI) Governor has stated that there is no systemic issue at IDFC First Bank, following reports of a suspected ₹590 crore fraud at its Chandigarh branch. The central bank emphasized that it is closely monitoring developments, reassuring stakeholders of the banking sector’s stability.

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