On November 8, 2024, the bank classified the loan account as “fraud” for reasons including that a Rs 1,050 crore loan extended in 2017 was “routed” to a group company to pay other liabilities to connected or related parties.
On November 8, 2024, the bank classified the loan account as “fraud” for reasons including that a Rs 1,050 crore loan extended in 2017 was “routed” to a group company to pay other liabilities to connected or related parties.