Indian Bank reports frauds of over Rs 266 crore in three accounts to RBI

These non-performing accounts have been declared as fraud and reported to RBI as per regulatory requirement, the public sector lender said in a regulatory filing. It has declared M P Border Checkpost Development Co Ltd as fraud with an outstanding of Rs 166.89 crore; Pune Sholapur Road Development (Rs 72.76 crore) and SONAC (Rs 27.08 crore).

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