Punjab & Sind Bank declares NPA account Maha Associated Hotels as 'fraud' - THEMARKETTRENDZ

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Friday, 10 July 2020

Punjab & Sind Bank declares NPA account Maha Associated Hotels as 'fraud'

"It is informed that an NPA account Maha Associated Hotels Pvt Ltd with outstanding dues of Rs 71.18 crore having provisioning of Rs 44.40 crore has been declared as fraud and reported to RBI as per regulatory requirement", the bank said in an exchange filing.

from Banking/Finance-Industry-Economic Times
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