Business Standard

Monday, December 23, 2024 | 05:19 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Indian Bank reports Pratibha Group fraud for outstanding dues of Rs 574.66 cr

Image

Capital Market
Indian Bank announced that fully provided Non Performing Accounts of two companies of Pratibha Group namely, Pratibha Industries and FEMC-Pratibha Joint Venture with total outstanding dues of Rs.574.66 crore has been declared as fraud and reported to RBI as per regulatory requirement. The Bank has already made full provision of Rs.574.66 crore against the aforesaid two Accounts.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 24 2020 | 7:09 PM IST

Explore News