Odisha bars HDFC Bank, ICICI, Axis from handling govt biz, deposits
Financial Express Hyderabad
|June 23, 2025
THE ODISHA GOVERNMENT has barred HDFC Bank, ICICI Bank and Axis Bank from handling businesses and deposits of the state government and government-backed organisations with immediate effect, it said on Saturday.
The banks are barred from current services due to their poor performance in some government schemes over the preceding two financial years and "discouraging general banking parameters".
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