The state government will review its banking policy following alleged unauthorized fund transfers involving IDFC First Bank’s Chandigarh branch and AU Small Finance Bank.
The Government of Haryana has established a high-level committee to investigate unauthorized transfers of funds from IDFC First Bank and AU Small Finance Bank and to review the state’s banking policy. IDFC First Bank is probing a suspected ₹590 crore fraud at its Chandigarh branch. The move signals heightened scrutiny of banking operations and potential reforms in financial oversight within the state.