Legal19 Feb 2025, 12:30 am
PUNJAB NATIONAL BANK Reports Borrowal Fraud of Rs. 250.27 Crore in NPA Account of M/s Gupta Power Infrastructure Limited
AI Summary
PUNJAB NATIONAL BANK has reported a borrowal fraud of Rs. 250.27 crore in the NPA account of M/s Gupta Power Infrastructure Limited at BO: Bhubaneshwar, Station Square, CO: Bhubaneshwar, ZO: Bhubaneshwar. The bank has already made provisions amounting to Rs. 270.57 crore as per prescribed prudential norms. This disclosure is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Highlights
- PUNJAB NATIONAL BANK reports a borrowal fraud of Rs. 250.27 crore in M/s Gupta Power Infrastructure Limited's NPA account.
- The bank has made provisions amounting to Rs. 270.57 crore as per prudential norms.
- The disclosure is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.