Thursday, March 28, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Punjab & Sind Bank reports fraud of Rs 94 crore in NPA account

Punjab & Sind Bank reports fraud of Rs 94 crore in NPA account

​Punjab & Sind Bank on Thursday reported a fraud of Rs 94.29 crore in an NPA account of Supertech Township Projects.  

PTI Edited by: PTI New Delhi Published on: January 21, 2021 20:54 IST
Punjab & Sind Bank reports fraud of Rs 94 crore in NPA account
Image Source : FILE

FILE IMAGE/PTI

Punjab & Sind Bank on Thursday reported a fraud of Rs 94.29 crore in an NPA account of Supertech Township Projects.

In a regulatory filing, the state-owned lender said it has reported the fraud to the Reserve Bank of India (RBI).

"...it is informed that an NPA Account, viz M/s Supertech Township Projects Limited with outstanding dues of Rs 94.29 crore has been declared as fraud and reported to RBI today as per regulatory requirement," the Delhi-headquartered bank said.

The account has been fully provided for as per the existing RBI norms, it added.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement