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Maharashtra government closes account in Axis Bank, shifts to SBI

The Maharashtra government on Wednesday closed one of its accounts in Axis Bank and shifted it to the state-run ...
Maharashtra government closes account in Axis Bank, shifts to SBI

The Maharashtra government on Wednesday closed one of its accounts in Axis Bank and shifted it to the state-run SBI.The National Cyclone Risk Mitigation Projects bank account was in Axis Bank and it is now being shifted to SBI, said a GR (government resolution) issued in Mumbai.The decision by the Shiv Sena-led government is being seen as a snub to BJP leader and former chief minister Devendra Fadnavis, who faced allegations of favouring the leading private bank where his wife works at a senior position.

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