Punjab & Sind Bank
informed the exchanges Wednesday that an NPA Account, viz. Mis Lanco Infratech Limited with outstanding dues of Rs215.17cr has been declared as fraud and reported to RBI today as per regulatory requirements.
It further said that the account has been fully provided for as per existing RBI norms.
At around 10.41 AM, Punjab & Sind Bank was trading flat at Rs20 per piece on the BSE.
The scrip opened at Rs19.90 and has touched a high and low of Rs20.10 and Rs19.55 respectively during intraday trade on Thursday.