Saturday, October 30, 2021

Indian Bank reports frauds of over Rs 266 crore in three accounts to RBI

These non-performing accounts have been declared as fraud and reported to RBI as per regulatory requirement, the public sector lender said in a regulatory filing. It has declared M P Border Checkpost Development Co Ltd as fraud with an outstanding of Rs 166.89 crore; Pune Sholapur Road Development (Rs 72.76 crore) and SONAC (Rs 27.08 crore).

source https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-bank-reports-frauds-of-over-rs-266-crore-in-three-accounts-to-rbi/articleshow/87402032.cms

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