Bank of India532149Banking
Bank of India declared a 575 crore rupee NPA as fraud, affecting provisioning and recovery treatment
By ScoutQuest · · 1 min read
- NPA amount declared fraud
- 575 crore rupees
Heard on business television between 09:20:16 - 09:23:16 IST.
- Bank of India announced a 575 crore rupee non-performing asset has been declared as fraud
- This changes how the loan will be treated with regard to provisioning and recovery
- Said it could be discussed during the earnings cycle
- Stock reaction nearly flat
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