Punjab & Sind Bank declares IL&FS account as fraud with Rs 399 crore outstanding
Public-sector Punjab & Sind Bank on Thursday said it has declared its IL&FS NPA account with Rs 399 crore outstanding loan as fraud and has reported it to the Reserve Bank.
The NPA account Infrastructure Leasing & Financial Services Ltd (IL&FS) with outstanding dues of Rs 399.31 crore has been declared as fraud, the bank said in a regulatory filing.
The bank said it has reported it to the RBI on Thursday as per regulatory requirement.
"Further, the account has been fully provided for as per existing RBI norms," it said.
The Madurai Bench of the Madras High Court has sentenced five people, including former officials of the Debt Recovery Tribunal (DRT), Mad...
-
Changes in leave rules for bank employees and Bank officers were updated in terms of the 12th BPS/9th Joint Note dated 08.03.2024 This post ...
-
The December 2024 CPI [IW] was just announced. It is 143.7, down 0.8 points from the October or November 2024 figures. The exact DA slabs wi...
-
Fixed personal pay is computerisation allowance. It was compensation given to the employees at that time. Not applicable for those who are j...
No comments:
Post a Comment