Punjab & Sind Bank declares Srei loan accounts as frauds

While the Kanorias had moved court against the KPMG report, the latest move by Punjab & Sind Bank may prompt other banks to follow suit. The state-owned lender has declared both the non-performing loan accounts of Srei Infrastructure Finance and SREI Equipment Finance as frauds and reported these to the Reserve Bank of India as per regulation.

from Stocks-Markets-Economic Times https://ift.tt/DC62UKb
via IFTTT

Post a Comment

أحدث أقدم