Close all bank accounts in HDFC..Why?
Close all bank accounts in HDFC..Why?
Private sector giant hdfc bank is very popular among the people due to its service. However, the Water Resources Department of the government of punjab has refused the employees to open an account in HDFC. Not only this, people who already have an account in hdfc have also been asked to close it. You must be thinking that what is the matter that the punjab government has taken this step.
An office memo was issued by the Principal Secretary of Water Resources on august 22, 2022. The copy has been submitted to the Principal Secretary of Finance, who has been asked to send instructions to all departments to shut their accounts with hdfc bank because it has supposedly been noticed that the bank "never cooperates" when the government "needs their cooperation." The memo was sent to all administrative secretaries.Why was this decision taken?In the letter issued by the Principal Secretary, it has been said that hdfc bank had issued bank guarantees to some mining contractors. These contractors have defaulted in making payments to the state government. When the officials associated with the department came to encash the bank guarantee, the bank refused to do so without reason. On the basis of this, it has been decided that now no account will be kept in hdfc Bank.
Private sector giant hdfc bank is very popular among the people due to its service. However, the Water Resources Department of the government of punjab has refused the employees to open an account in HDFC. Not only this, people who already have an account in hdfc have also been asked to close it. You must be thinking that what is the matter that the punjab government has taken this step.
An office memo was issued by the Principal Secretary of Water Resources on august 22, 2022. The copy has been submitted to the Principal Secretary of Finance, who has been asked to send instructions to all departments to shut their accounts with hdfc bank because it has supposedly been noticed that the bank "never cooperates" when the government "needs their cooperation." The memo was sent to all administrative secretaries.Why was this decision taken?In the letter issued by the Principal Secretary, it has been said that hdfc bank had issued bank guarantees to some mining contractors. These contractors have defaulted in making payments to the state government. When the officials associated with the department came to encash the bank guarantee, the bank refused to do so without reason. On the basis of this, it has been decided that now no account will be kept in hdfc Bank.