Punjab & Sind Bank declares loans worth Rs 150 cr to IL&FS Transportation as fraud

It is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been declared as fraud and reported to the RBI as per regulatory requirement, Punjab & Sind Bank said in a filing.

from Banking/Finance-Industry-Economic Times https://ift.tt/3u5hc9D