Bhubaneswar: The Odisha government on Saturday decided to include HDFC Bank, ICICI Bank and Axis Bank in list of banks empanelled for handling state business and deposits.
This came a fortnight after these banks were removed from the list due to poor performance in government flagship schemes and general banking parameters.
This decision to withdraw the previous order was taken after senior officials of the banks met Chief Minister Mohan Majhi, who also holds the Finance portfolio, on July 1 and and submitted written assurance to improve their performance in priority sector lending and CD ratio. ” In view of this, the state government has now decided to withdraw its earlier order dated June 21. As a result, these 3 banks will now continue as empanelled banks eligible to handle business and deposits of state government organisations,” a notification issued by the Finance Department said.
However, any actions already taken by state government organisations under the previous order (such as closure of accounts or withdrawal of deposits) will not be reversed, it added.
