Corporate News 02-Feb-21
Indian Bank declares five non-performing accounts as fraud
Indian Bank has reported five non-performing accounts including Cox & Kings (o/s bal of Rs 68.46 cr), Era Infra Engineering(o/s bal of Rs 19.36 cr), Supreme Tex Mart(o/s bal of Rs 16.36 cr), RSAL Steel (o/s bal of Rs 27.35 cr) and Pune Buildtech (o/s bal of Rs 16.50 cr). These accounts have been declared fraud and reported to Reserve Bank of India as per regulatory requirement.
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