Punjab & Sind Bank has reported the loan account of Era Infra Engineering as fraud to the Reserve Bank of India (RBI). The Bank has an exposure of Rs 30.02 crore to this company.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
