au small finance bank

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    IDFC First Bank Scam in Haryana: Authorities Seize Assets, Arrest Accused

    Chandigarh, March 12 – The investigation into the IDFC First Bank scam has revealed that the main accused created several shell companies and illegally transferred government funds to various accounts, said Additional Director General of Police Charu Bali, who is posted with the State Vigilance...
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    Haryana Fraud: Former IDFC Bank Employees at Center of Rs 590 Crore Scheme

    Chandigarh, February 25 – Haryana’s State Vigilance and Anti-Corruption Bureau has arrested four individuals, including those allegedly behind the Rs 590-crore IDFC First Bank fraud, with a private firm owned by the wife of a former employee at the center of the financial irregularities.Two of...
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    Former IDFC First Bank Employees Involved in Rs 590-Crore Fraud Scheme

    Chandigarh, February 25 The Haryana State Vigilance and Anti-Corruption Bureau has arrested four people, including those behind the Rs 590-crore IDFC First Bank fraud, officials said on Wednesday.Of the four arrested, two are former IDFC First Bank employees and two are private individuals who...
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    Allegations of Forgery and Procedural Lapses in Haryana Bank Fraud Case

    Chandigarh, February 24 A committee formed by the director of the development and panchayats department of Haryana has recommended a police investigation after uncovering alleged forgery and procedural lapses involving officials from both IDFC First Bank and AU Small Finance Bank.This...
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    Haryana Government Recovers Funds Lost in IDFC First Bank Scheme

    Chandigarh, February 24 Haryana Chief Minister Nayab Singh Saini informed the Assembly on Tuesday that nearly Rs 556 crore, including Rs 22 crore in interest, has been recovered in the IDFC First Bank fraud case within 24 hours.The state's Anti-Corruption Bureau has registered an FIR in the...
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    IDFC First Bank Returns ₹583 Crore to Haryana Government

    New Delhi, February 24 IDFC First Bank said on Tuesday that it has paid out 100% of the principal and interest to the relevant departments of the Haryana government, which amounts to ₹583 crore."The bank remains committed to working together with the relevant Haryana Government departments and...
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    Haryana Government Investigates ₹590 Crore Bank Fraud

    Chandigarh, February 24 – The Haryana Vigilance and Anti-Corruption Bureau has registered an FIR in connection with a ₹590-crore fraud involving accounts of the Haryana government at the IDFC First Bank and AU Small Finance Bank branch in Chandigarh, a government official said on Tuesday.The...
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    Haryana Government Accounts Linked to Rs 590 Crore Fraud at IDFC First Bank

    New Delhi, February 23 Shares of IDFC First Bank plunged by 20% on Monday after the private sector lender disclosed a fraud of Rs 590 crore committed by its employees and others in accounts held by the Haryana government.The stock plummeted 19.99% to Rs 66.85 – also its lower circuit limit –...
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    Haryana Bars AU Small Finance Bank from Government Business

    New Delhi, February 23 AU Small Finance Bank has denied any wrongdoing in the alleged fraudulent opening of accounts after Haryana de-empaneled it from undertaking any government business.The Haryana government has de-empaneled AU Small Finance Bank, along with IDFC First Bank, from...
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    Haryana Government De-Empanels IDFC First & AU Small Finance Banks

    Chandigarh, February 22 The Haryana government has de-empaneled IDFC First Bank and AU Small Finance Bank for government business with immediate effect, according to an official circular.No government funds will be parked, deposited, invested, or transacted through these institutions, it said...
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    New Gold Loan Branches Launched by AU Small Finance Bank

    New Delhi, February 17 AU Small Finance Bank announced on Tuesday the launch of its gold loan branch network as part of a broader nationwide expansion in secured retail lending.The small finance bank (SFB) has inaugurated its first two dedicated Gold Loan servicing branches in Jamnagar and...
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    RBI Extends Sanjay Agarwal's Tenure as AU Small Finance Bank CEO

    New Delhi, February 13 AU Small Finance Bank, the first SFB in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a universal bank, announced on Friday RBI's approval for the reappointment of Sanjay Agarwal as its Managing Director & Chief...
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