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PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure

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..... PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure
PTI News
Dated:- 18-2-2025
PTI
New Delhi, Feb 18 (PTI) State-owned Punjab National Bank on Tuesday reported a fraud of Rs .....

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..... 270.57 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank. Borrowal fraud of Rs 270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) .....

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..... account of Gupta Power Infrastructure Ltd, PNB said in a regulatory filing. The loan was given by Station Square branch of the bank in Bhubaneswar, it said. The bank has already made provisions am .....

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..... ounting to Rs 270.57 crore, according to prescribed prudential norms. For the December quarter, PNB posted more than two-fold jump in net profit to Rs 4,508 crore as against Rs 2,223 crore in the sa .....

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..... me quarter a year ago. The company's total income increased to Rs 34,752 crore from Rs 29,962 crore in the same period a year ago, PNB said in a regulatory filing. Interest income also rose to Rs .....

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..... 31,340 crore from Rs 27,288 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets ratio moderated to 4.09 per cent from 6.24 per cent a year ago. P .....

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..... TI DP TRB
News - Press release - PIB .....

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