Punjab & Sind Bank declares DHFL outstanding dues as fraud

With regard to Punjab & Sind Bank's policy on determination and disclosures of material events, an NPA Account, viz. M/s Dewan Housing Finance Corporation Limited (DHFL) with outstanding dues of Rs.815.44 crore has been declared as fraud and reported to RBI as per regulatory requirement. Further, Bank has already made provision of Rs.203.86 crore as per the prescribed prudential norms.

Shares of PUNJAB & SIND BANK was last trading in BSE at Rs.13.3 as compared to the previous close of Rs. 13.42. The total number of shares traded during the day was 72011 in over 167 trades.

The stock hit an intraday high of Rs. 13.4 and intraday low of 13.07. The net turnover during the day was Rs. 956902.

Source : Equity Bulls

Keywords