Haryana Bans IDFC First, AU Small Finance Banks After Rs 590 Cr Scam

• Haryana government immediately barred IDFC First Bank and AU Small Finance Bank from government operations.
• Decision follows an alleged scam of 590 crore rupees found in some Haryana government accounts.
• All government departments instructed to close accounts with these banks and transfer balances to authorized banks.
• IDFC First Bank revealed irregularities in its Chandigarh branch, suspending four officers.
• Forensic audit initiated, and strict instructions issued to adhere to deposit terms and monitor accounts.