AU Small Finance Bank denies wrongdoing after Haryana govt de-empanels it amid IDFC First Bank fraud case

However, In a circular, the state finance department said, "IDFC First Bank and AU Small Finance Bank are hereby de-empanelled for government business in Haryana with immediate effect till further orders."The move follows IDFC First Bank’s disclosure of a Rs 590-crore fraud involving its employees and others in accounts linked to the Haryana government.AU Small Finance Bank, in a regulatory filing late Sunday, said the government account under question was opened after completing all required Live EventsAU ...