Karnataka Bank Ltd, a private bank, has declared accounts of Reliance Home Finance and Reliance Commercial Finance a fraud with combined loan outstanding of over Rs 160 cr.
24 lenders have given loan
(as part of multiple banking arrangement)
to Reliance Home Finance while in case of Reliance Commercial Finance as many as 22 lenders were part of the loan arrangement.
Karnataka Bank said its share in the multiple banking arrangement to Reliance Home Finance is 0.39% and to that of Reliance Commercial Finance is 1.98%
No comments:
Post a Comment