The Punjab Government, led by Chief Minister Bha Bhavwant Mann, have been severely broke all the relationship with the HDFC Bank and made it a de-panel. The Finance Department has written a letter to the secretaries, director, panchayats, development officials and board corporations of all departments and said that HDFC Bank is not supporting the order of the state government.
Seeing these terms, it is difficult to maintain any government business with the HDFC Bank. For this reason, the HDFC Bank has been de-panel. This should not be done with any government transactions.
The state government has taken this step when all departments have been asked to return the money allotted. The HDFC Bank is being considered that the amount has not been transferred to time in time, which has affected the financial transaction of the government.
The Finance Department has issued all departments list of banks and said that transactions can be transacted with any of these bank. Central Bank, Punjab Gramiban Bank, Punjab National Bank, Punjab and Sind Bank, Bank of Balanda, AUCA Bank of Barka, AUCA Bank of Barda, Ayokal Financial Financial Financial Financial Financial Financial Financial Financial Financial Finance And include the Bank of Maharashtra.
Let this year the Union government deducted Rs 16,000 crore in Punjab’s debt limit. The state government had to pay Rs 48,000 crore this year to Rs 48,000 crore, Rs. 24,000 crore had to pay on previous debt. In addition, a large portion of this debt goes for the payment of previous debt. In such a situation, the financial condition of the state is determined after a reduction of Rs 16,000 crore.
The state government has asked the money paid for various departments to meet their essential expenses in the last month. The leadership of the Chief Secretary in this regard was a meeting 5 June 5, which commanded the order was passed that the entire department is currently deposited this money. It came to light that the departments that had money in the HDFC Bank were slowing down to deposit it.
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