INSUBCONTINENT EXCLUSIVE:
Punjab - Sind Bank declared Lanco Infratech's NPA account as fraudPunjab - Sind Bank declared Lanco Infratech Limited's NPA account as a
fraud account, with outstanding dues of Rs 215.17 crore
Obligations and Disclosure Requirements) Regulations, 2015, the non-performing asset (NPA) account of Lanco Infratech, with outstanding dues
been fully provided for as per the existing norms set by the Reserve Bank
The company owes more than Rs 44,000 crore to an IDBI Bank-led lenders' consortium.In August 2018, Lanco Infratech was admitted for
In 2011, the group became the largest private power provider in the country.On Wednesday, shares of Punjab - Sind Bank settled 0.50 per cent
lower at Rs 20 apiece on the BSE
Punjab - Sind Bank opened on the BSE at Rs 20.35, inching to an intra day high of Rs 20.40 and an intra day low of Rs 19.95, in the trading
2020-21, compared to a net loss of Rs 236 crore in the corresponding quarter of the previous fiscal
The bank reported a net loss of Rs 2,375 crore in the October-December quarter of fiscal 2020-21.The gross bad loans or NPAs of Punjab -
Sind Bank were elevated at 13.76 per cent of the gross advances, as of March 31
