Inflation - targeting framework
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RBI monitoring IDFC First Bank fraud, sees no systemic risk: Sanjay Malhotra
The Economic Times· 2026-02-24 00:30
The bank, which reported the swindle on Sunday, plunged 16.2% on the BSE to end at Rs 70 on Monday. “We are watching the developments. There is no systemic kind of issue,” Malhotra said at a joint press conference with FM Nirmala Sitharaman after the RBI’s Central Board meeting on Monday.IDFC First Bank said Sunday that employees at Chandigarh branch were involved in the fraud. Malhotra said RBI will release fresh retail inflation estimates before the April policy review, when asked about the impact of the ...