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Indian Bank Declares Five NPA Accounts Worth Rs 148 Cr as Fraud

Representative image.

Representative image.

The bank said it has fully provided for these non-performing assets.

Indian Bank on Monday declared five NPA accounts, including Cox & Kings and Era Infra Engineering, having Rs 148.03 crore exposure as fraud.

The five accounts are – Cox & Kings Ltd that diverted funds worth Rs 68.46 crore; Era Infra Engineering Rs 19.36 crore; Supreme Tex Mart Rs 16.36 crore; RSAL Steel Pvt Ltd Rs 27.35 crore and Pune Buildtech Rs 16.50 crore, Indian Bank said in a regulatory filing.

The bank said it has fully provided for these non-performing assets.

first published:February 01, 2021, 21:51 IST