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AU Small Finance Bank Limited ( (IN:AUBANK) ) has issued an announcement.
AU Small Finance Bank has issued a clarification following media reports that it was de-empanelled by the Government of Haryana for handling state government business, alongside another private sector bank linked to suspected fraudulent activities. The bank stated that, based on information available and a preliminary internal review, it has been responding to official queries from a Haryana government department regarding one specific government account and related transactions with another customer account, while confirming that both accounts were opened in line with all KYC requirements and internal policies and that an internal review of the matter is underway.
The bank detailed a chronology in which it first received a request on February 16, 2026 for account-opening and transaction details of a particular government account, followed by a February 18 request about suspected unauthorized transactions between that account and another customer account. On the same day, the state’s Finance Department informed AU Small Finance Bank of its de-empanelment for government business in Haryana, and the bank is now seeking to reassure investors and stakeholders that it is cooperating with authorities and examining the issue internally to distance itself from concerns triggered by the unrelated bank’s suspected fraudulent activities.
More about AU Small Finance Bank Limited
AU Small Finance Bank Limited is an Indian small finance bank that provides retail and institutional banking services, including deposit accounts, loans and transaction banking, with a focus on serving diverse customer segments across multiple states. The bank also undertakes government-related business where it is empanelled to handle accounts and transactions for state departments.
Average Trading Volume: 101,590
Technical Sentiment Signal: Buy
Current Market Cap: 764.4B INR
For detailed information about AUBANK stock, go to TipRanks’ Stock Analysis page.