Indian Bank reports 3 NPAs worth Rs 35 29 crore as fraud to RBI
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Indian Bank reports 3 NPAs worth Rs 35 29 crore as fraud to RBI
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Indian Bank reports 3 NPA accounts as fraud to RBI
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Last Updated: Mar 05, 2021, 12:06 AM IST
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The state-owned lender said all of the three accounts have caused fund diversion to the tune of Rs 35.29 crore.
Agencies
Indian Bank on Thursday reported three accounts as fraud to the RBI with total outstanding of over Rs 35 crore. Three non-performing accounts,
S Kumars Nationwide Ltd, Priya Ltd and Yuvaraj Power Projects, have been declared as fraud and reported to the RBI as per regulatory requirement, Indian Bank said in an exchange filing.
The state-owned lender said all of the three accounts have caused fund diversion to the tune of Rs 35.29 crore.