Haryana mandates exclusive banking with public sector banks, drops IDFC First and AU Small Finance

The government has, with immediate effect and until further orders, removed In a circular dated February 18 addressed to heads of departments, state-run units and banks operating in Haryana, the additional chief secretary of Haryana government authorised administrative secretaries to approve the opening of bank accounts for schemes, projects and programmes only in nationalised banks operating in the state.Any proposal to open an account with a corporate or private sector bank must be submitted to the finan ...