Investigators are probing 391 suspect transactions across 170+ accounts. IDFC First Bank has suspended staff and ordered a forensic audit.
Two banks have been de-empanelled and four officials suspended after irregularities in Haryana government-linked accounts surfaced, triggering an FIR, an Assembly confrontation, and RBI reassurance on stability.
Union Finance Minister Nirmala Sitharaman on Monday addressed concerns over the issue of mis-selling of insurance products by banks, welcoming the Reserve Bank of India’s (RBI) move to introduce guidelines aimed at curbing such practices.
