Corporate Announcement
Security Code : 533295    Company : PSB    
Disclosure Under Regulation 30 Of Securities Exchange Board Of India (LODR) Regulations, 2015: Reporting Of Borrowal Fraud Of Bank''s Exposure In M/S Fairdeal Supplies Limited Involving A Total Amount Of Rs. 40.49 CroreDownload PDF Download XBRL
  Exchange Received Time  02/08/2019 18:23:13         Exchange Disseminated Time   02/08/2019 18:23:15              Time Taken   00:00:02
Pursuant to the applicable provisions of SEBI (LODR) Regulations and the materiality policy of the Bank we inform as under:

In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and having regard to the Bank''s policy on determination and disclosures of material events, it is informed that a NPA Account, viz. M/s Fairdeal Supplies Limited with outstanding dues of Rs.40.49 crore has been declared as fraud and reported to RBI as per regulatory requirement. Bank is in the process of filing of Complaint / FIR with Central Bureau of Investigation.

We request you to take note of the above.


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