In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and having regard to the Bank's policy on determination and disclosures of material events, Punjab & Sind Bank has informed that a NPA Account, Golden Jubilee Hotels with book outstanding of Rs 86.40 crore and 100% provisioning has been declared as fraud and reported to RBI as per regulatory requirement. This is in compliance with the regulation 30 of SEBI (LODR) Regulations, 2015.
The above information is a part of company's filings submitted to BSE.
