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Punjab & Sind Bank declares IL&FS account as fraud with Rs 399 crore outstanding

26 Mar 2021 Evaluate

Punjab & Sind Bank has declared its IL&FS NPA account with Rs 399 crore outstanding loan as fraud and has reported it to the Reserve Bank. The NPA account of Infrastructure Leasing & Financial Services (IL&FS) with outstanding dues of Rs 399.31 crore has been declared as fraud.

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.

Punjab & Sind Bank Share Price

26.01 0.52 (2.04%)
07-May-2026 16:01 View Price Chart
Peers
Company Name CMP
SBI 1091.80
PNB 109.15
Canara Bank 135.95
Bank Of Baroda 270.35
Union Bank Of India 167.25
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