AU Small Finance Bank Clarifies Media Reports on Haryana Government De
AU Small Finance Bank has clarified media reports regarding its de-empanelment by Haryana government, revealing that a government account received ₹47 crores from a private bank (which disclosed fraudulent activities) and transferred the same amount through 14 authorized transactions. The bank's Haryana government deposits reduced from ₹735 crores to ₹538 crores post de-empanelment, representing 0.4% of total deposits. The bank maintains no indication of fraudulent activity on its part and continues cooperating with authorities while seeking re-empanelment.
