Current Affairs · Banking and Financial News

Which of the following statements correctly represent the operational sequence and outcomes of the suspected banking fraud detected by IDFC First Bank? 1. The verification process that exposed the irregularities was triggered when a Haryana government department requested the closure of its account and the transfer of funds. 2. The core discrepancy identified during the verification was the difference between the transfer request amount and the balance reflected in the account. 3. Following the detection, the bank suspended four officials, initiated a forensic audit, and plans to appoint an external agency for further investigation. 4. In response to the incident, the Reserve Bank of India de-empanelled IDFC First Bank and AU Small Finance Bank from handling government business across the country. Select the correct option: