AU SFB reports no fraud after Haryana de-empanelment
pre-market1 source ↓written by the desknot a recommendation
- Haryana Government
- 18 Feb 2023
- initially
- ₹25 cr
AU Small Finance Bank clarified that there is no indication of fraud or financial impact following its de-empanelment by the Haryana Government on 18 Feb 2023. The bank stated that it is cooperating with inquiries regarding suspected unauthorized transactions related to a government account, which had received ₹25 cr initially from a private sector bank.
This clarification may help stabilize investor sentiment amid regulatory scrutiny.
Not investment advice. For informational purposes only.