RBI governor Sanjay Malhotra on Wednesday said that the Indian banking system remains “resilient, safe and strong” amid concerns over governance and rising fraud incidents reported in 2026. “I want to assure everyone that the banking system is resilient, safe and strong. The number of regulations, whether relating to conduct, governance, prudence, or liquidity, along with our supervisory framework, keeps the banking system healthy and robust. Specifically regarding HDFC Bank, the RBI governor reiterated that the central bank has not found any material concerns regarding governance or conduct in its supervision, based on its review of the bank’s records. “Whether there is a need for any change in directions and guidelines, we do not think so as of now,” Malhotra said.

Source: The Telegraph April 09, 2026 01:51 UTC