Chandigarh, March 31 -- In a significant move to safeguard public finances, the Panchkula Municipal Corporation has successfully recovered a principal amount of Rs 127.27 crore from Kotak Mahindra Bank.

The Haryana Power Generation Corporation Limited (HPGCL) has also recovered Rs 25 crore from AU Small Finance Bank. The entire outstanding dues from IDFC Bank had already been cleared, according to an official statement from the state government.

With these recoveries, the Haryana Government now has no outstanding dues with any bank, marking a major achievement in public fund management.

According to DIPR, Haryana Chief Minister Nayab Singh Saini had issued strict directives to both officials and the banks, emphasising the importance of...