Tuesday, March 30, 2021

Punjab & Sind Bank declares loans worth Rs 150 cr to IL&FS Transportation as fraud

It is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been declared as fraud and reported to the RBI as per regulatory requirement, Punjab & Sind Bank said in a filing.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/punjab-sind-bank-declares-loans-worth-rs-150-cr-to-ilfs-transportation-as-fraud/articleshow/81762577.cms

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