Punjab & Sind Bank - 533295 - Disclosure Under Regulation 30 Of Securities Exchange Board Of India (LODR) Regulations, 2015: Reporting Of Borrowal Fraud Of Bank''s Exposure In M/S IL & FS Transportation Network Limited (ITNL) Involving A Total Amount Of Rs.149.98 Crore
Pursuant to the applicable provisions of SEBI (LODR) Regulations and the materiality policy of the Bank we inform as under: In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and having regard to the Bank''s policy on determination and disclosures of material events, it is informed that an NPA Account, viz. M/s IL & FS Transportation Network Limited (ITNL) with outstanding dues of Rs.149.98 crore has been declared as fraud and reported to RBI today as per regulatory requirement. Further, the account has been fully provided for as per existing RBI norms.30-03-2021