PNB flags Rs 270.57 crore fraud at Gupta Power Infrastructure
According to the bank’s disclosure to stock exchanges the bank has already made full provisions of ₹270.57 crore as per the prescribed prudential norms.
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According to the bank’s disclosure to stock exchanges the bank has already made full provisions of ₹270.57 crore as per the prescribed prudential norms.
PNB, has reported a staggering 327% increase in its net profit to ₹1,756 crore.
Wednesday, the Reserve Bank raised the benchmark policy rate by 25 basis points, bringing it to 6.5 percent. They did this because core inflation is still going up.
Earlier, the bank had assured an interest rate of 5.50% on fixed deposits maturing in over 1 year to 2 years.
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