Current Affairs · Banking & Government Regulations
The Haryana Finance Department issued a directive de-empanelling specific banking institutions from handling state government business following suspected financial irregularities. Which combination correctly identifies the affected banks and the specific operational restriction imposed?
- 1IDFC First Bank and AU Small Finance Bank; instruction to transfer existing government funds and close accounts✓
- 2AU Small Finance Bank and Bandhan Bank; prohibition on salary disbursements and pension transactions
- 3IDFC First Bank and Yes Bank; prohibition on parking fresh capital only
- 4AU Small Finance Bank and Equitas Small Finance Bank; restriction on non-digital offline deposits
Correct answer
IDFC First Bank and AU Small Finance Bank; instruction to transfer existing government funds and close accounts
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