Canara Bank has filed a complaint with Central Bureau of Investigation (CBI) on fraudulent transactions worth Rs 515 crore against Kolkata based RP Infosystems and its directors.
Under the consortium arrangement of 17 banks, Canara Bank financed a Working Capital limit of Rs 40 crore (4.69%). Canara Bank is not the leader of the consortium. The leader bank had already filed a case with CBI in May 2015. The account had already been treated as fraud by our Bank during October 2015 and reported to Reserve Bank of India (RBI).
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
| Company Name | CMP |
|---|---|
| SBI | 1103.50 |
| PNB | 114.30 |
| Canara Bank | 142.40 |
| Bank Of Baroda | 279.60 |
| Union Bank Of India | 187.75 |
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