AU Small Finance Bank shares slide 6% after Haryana govt de-empanels lender
AU Small Finance Bank shares dropped over 6% after the Haryana government de-empanelled the lender from government business due to suspected fraudulent activities. The bank stated it initiated an internal review of two accounts, asserting they were duly opened and compliant with policies. This action follows a similar de-empanelment of IDFC First Bank over a Rs 590 crore fraud.