The state-run lender said the company was being reported as a fraudulent account to the Reserve Bank of India. Under the rules set by the banking regulator 100% provisioning is required in fraudulent accounts spread across a period of four quarters. The lender has so far made a provision of Rs 1246 crore in the account.source https://economictimes.indiatimes.com/industry/banking/finance/banking/punjab-national-bank-declares-its-rs-3688-crore-exposure-to-dhfl-as-fraud/articleshow/76878749.cms
No comments:
Post a Comment