trending Market Intelligence /marketintelligence/en/news-insights/trending/-svDRKaRSnZZ8NVfhfrPrA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Punjab & Sind Bank declares 404.9M rupees of overdue loan as fraud

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Punjab & Sind Bank declares 404.9M rupees of overdue loan as fraud

Punjab & Sind Bank declared a nonperforming account, Fairdeal Supplies Ltd. with outstanding dues of 404.9 million Indian rupees, as fraud.

The bank has reported the matter to the Reserve Bank of India and is filing a complaint with the Central Bureau of Investigation, according to an Aug. 2 disclosure.

This is the second incident of alleged fraud the bank reported in recent weeks after reporting an alleged fraud in the accounts of Bhushan Power and Steel Ltd. in July.

As of Aug. 2, US$1 was equivalent to 69.69 Indian rupees.