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Indian Bank declares NPA account of Saravana Stores as fraud

06 May 2021 Evaluate

Indian Bank has declared the NPA account of Saravana Stores with an outstanding balance of Rs 231 crore as fraud. Non-performing account (NPA) Saravana Stores (Gold Palace) has been declared as fraud and reported to RBI as per regulatory requirement.

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

Peers
Company Name CMP
State Bank Of India 948.15
PNB 114.35
Bank Of Baroda 234.20
Canara Bank 118.25
Union Bank Of India 171.90
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