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Indian Bank reports three NPA accounts worth over Rs 35 crore as fraud to RBI

05 Mar 2021 Evaluate

Indian Bank has reported three accounts as fraud to the Reserve Bank of India (RBI) with total outstanding of over Rs 35 crore. Three non-performing accounts (NPAs) are S Kumars Nationwide, Priya and Yuvaraj Power Projects.

This have been declared as fraud and reported to the RBI as per regulatory requirement. All of the three accounts have caused fund diversion to the tune of Rs 35.29 crore.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Indian Bank Share Price

817.05 1.90 (0.23%)
30-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1027.10
PNB 106.80
Bank Of Baroda 272.80
Canara Bank 125.45
Union Bank Of India 172.40
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