Archive · 11 Jun 2025
Punjab Government De-Empanels HDFC Bank Due to Non-Cooperation
The Punjab government has stopped doing business with HDFC Bank.
This is because the bank did not help the government with some important financial tasks.
The government has now chosen a list of other banks it will work with instead.
The government also has money problems because the central government cut the amount of money it can borrow.
Punjab government de-empanelled HDFC Bank due to lack of cooperation.
The government cited failure to implement orders for time-bound transactions.
All departments are instructed to cease business with HDFC Bank.
The state's borrowing limit was reduced by Rs 16,676 crore by the Centre.
The government is facing financial challenges, including a fund crunch.
- Who
- Punjab government and HDFC Bank
- What
- De-empanelment of HDFC Bank
- When
- June 10th (approximate date of order)
- Where
- Punjab
- Why
- Due to lack of cooperation and failure to implement orders.
Punjab Government
HDFC Bank
Cooperation
Punjab Government
HDFC Bank failed to cooperate in time-bound transactions.
HDFC Bank
HDFC Bank's response not provided in the article.
- Action
- De-empanelment of HDFC Bank
- Reason
- Lack of cooperation and failure to implement orders
- Affected Party
- HDFC Bank
- Government Directive
- No business with HDFC Bank
- State
- Punjab
- Central Govt. Action
- Reduced borrowing limit
- Borrowing Cut
- Rs 16,676 crore
