iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

PNB reports fraud of Rs2,060 crore in NPA account of IL-;FS Tamil Nadu Power Company

16 Mar 2022 , 03:00 PM

Punjab National Bank (PNB) said in the regulatory filing on Tuesday that the bank reported a fraud of Rs2,060 crore in the NPA account of IL&FS Tamil Nadu Power Company Limited (ITPCL).

The bank informed it has already made provisions amounting to Rs824.1 crore as per prescribed prudential norms.

In the regulatory filing, the lender said that “Reporting of Borrowal Fraud of Rs2060.14 crore in NPA account of M/s IL&FS Tamil Nadu Power Co. Ltd. at Extra Large Corporate Branch at Delhi, Zonal Office: Delhi. A fraud of Rs2060.14 crore is being reported by Bank to RBI in the accounts of the Company. Bank has already made provisions amounting to Rs.24.06 Crore, as per prescribed prudential norms.”

Punjab National Bank is currently trading at Rs35.85 down by Rs0.15 or 0.42% from its previous closing of Rs36 on the BSE. The scrip opened at Rs35.80 and has touched a high and low of Rs36.40 and Rs35.65 respectively.

Punjab & Sind Bank in the last month had declared IL&FS Tamil Nadu a fraud account with outstanding dues of Rs148 crore. In the filing, the bank said “It is informed that an NPA account, viz IL&FS Tamil Nadu Power Company Ltd with outstanding dues of Rs148.86 crore has been declared as fraud and reported to RBI today as per regulatory requirement.”

Related Tags

  • 060 crore in NPA account
  • IL&FS Tamil Nadu Power Company
  • ITPCL fraud of Rs2
  • nifty
  • PNB
  • PNB stock price
  • sensex
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.