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 Edyar Zinc Limited Involving A Total Amount Of Rs.41.24 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 a NPA Account, viz. M/s Edyar Zinc Limited with outstanding dues of Rs.41.24 crore has been declared as fraud and reported to RBI as per regulatory requirement. Further, the account has been fully provided for as per existing RBI norms. Bank is in the process of filing of Complaint / FIR with Central Bureau of Investigation. We request you to take note of the above.10-07-2020