IDFC First Bank returns ₹556 crore, including ₹22 crore interest, to government accounts within 24 hours. CM Nayab Singh Saini vows strict action.
In a swift resolution, IDFC First Bank has successfully returned a total of ₹556 crore to government accounts within 24 hours, including ₹22 crore in accrued interest. The move ensures that public funds are safely deposited back under government oversight.
Chief Minister Nayab Singh Saini addressed the matter in the state assembly, emphasizing strict accountability. “Whether it is a bank employee, a private individual, or an official found guilty, no one will be spared. The hard-earned money of 2.80 crore citizens is sacred, and no one can even look at it with ill intent,” he stated firmly.
The prompt action highlights the government’s commitment to safeguarding public finances and maintaining transparency in banking operations. Authorities have confirmed that all funds have been securely credited to the respective government accounts, restoring public confidence.
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IDFC First Bank officials are now under close scrutiny, and investigations will continue to ensure that any lapses are fully addressed. The Chief Minister reassured citizens that strict action will be taken against anyone responsible for the mismanagement of funds, reinforcing a zero-tolerance approach toward financial misconduct.
This incident also serves as a reminder of the importance of strong monitoring mechanisms in banks to prevent unauthorized use of public money. The government’s rapid response demonstrates its proactive approach in protecting the interests of taxpayers and maintaining financial discipline across state-run and private banking institutions.
With the ₹556 crore safely restored, the state administration has set a benchmark for prompt action in financial oversight, sending a clear message that public funds are inviolable and any breach will have severe consequences.
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