Bank of India declared its Rs 616.30 crore exposure to Rolta India Ltd. as fraud, having fully provisioned the amount. Rolta, an IT solutions provider, had declared bankruptcy in January 2023 and owes approximately Rs 14,000 crore to various creditors. The case has been reported to the Reserve Bank of India.
from Banking/Finance-Industry-Economic Times https://ift.tt/EtcwP0z
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