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Exclusive | Bandhan Bank chief Chandrashekhar Ghosh trashes reports of loan evergreening moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The private sector lender claimed twice from the credit guarantee fund for the micro units (CGFMU). After receiving the first tranche, it had applied for second tranche of CGFMU claim amounting to nearly Rs 1290 crore. NCGTC had done a preliminary sample audit on the application, and further decided to conduct a detailed audit for the CGFMU portfolio of FY 2020-21, the bank said Tuesday in a regulatory filing to stock exchanges. ....
Bandhan Bank has clarified that the National Credit Guarantee Trustee Company is conducting an audit of its loan claims under a guarantee scheme. The bank clarified that the regulator has not initiated an audit of the bank, but only the CGFMU claim pertaining to the portfolio. The bank applied for a second tranche of around Rs 1,290 crore after receiving the first tranche of recovery from the Credit Guarantee Fund of Micro Units (CGFMU). ....
The private sector lender claimed twice from the credit guarantee fund for the micro units (CGFMU). After receiving the first tranche, it had applied for second tranche of CGFMU claim amounting to nearly Rs 1290 crore. NCGTC had done a preliminary sample audit on the application, and further decided to conduct a detailed audit for the CGFMU portfolio of FY 2020-21, the bank said Tuesday in a regulatory filing to stock exchanges. ....