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The two Non-bank lenders Reliance Home Finance and Reliance Commercial Finance have got Interim stays against Punjab National bank(PNB) and Bank of Baroda(BoB) from classifying the two companies as fraud accounts.
Bank of Baroda announced a net loss of Rs 864 crore for the quarter ended June of the current fiscal year. In the same quarter a year ago, the bank had reported a profit of Rs 710 crore.
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