Indian Bank has reported over Rs 266 crore worth of fraud to the Reserve Bank of India (RBI), relating to three NPA accounts. The bank has declared M P Border Checkpost Development Company as fraud with an outstanding of Rs 166.89 crore; Pune Sholapur Road Development (Rs 72.76 crore) and SONAC (Rs 27.08 crore). The frauds have been categorised as diversion of funds in all the three cases.
Indian Bank was established as a part of the Swadeshi movement. The bank provides a wide spectrum of banking products and services.
| Company Name | CMP |
|---|---|
| SBI | 1112.15 |
| PNB | 114.10 |
| Canara Bank | 144.35 |
| Bank Of Baroda | 284.10 |
| Union Bank Of India | 191.20 |
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