HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Indian Bank reports three NPA accounts worth over Rs 35 crore as fraud to RBI
Mar-05-2021

Indian Bank has reported three accounts as fraud to the Reserve Bank of India (RBI) with total outstanding of over Rs 35 crore. Three non-performing accounts (NPAs) are S Kumars Nationwide, Priya and Yuvaraj Power Projects.

This have been declared as fraud and reported to the RBI as per regulatory requirement. All of the three accounts have caused fund diversion to the tune of Rs 35.29 crore.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

  RELATED NEWS >>