Punjab & Sind Bank on Friday recorded fraud of Rs 112.42 crore in two NPA accounts of Maha Associated Hotels and Edyar Zinc.
The bank has recorded the fraud to the RBI and is in the cycle of classifying complaints with the Central Bureau of Investigation, according to regulatory filings.
In a different filing, the Punjab & Sind Bank said that the NPA account of Edyar Zinc with outstanding dues of Rs 41.24 crore. Has been announced as fraud and noted to RBI as per regulatory law.
