Brief: IDFC First Bank Says RBI Imposes Monetary Penalty Of 10 Million Rupees
05/04/2024 14:25
April 5 (Reuters) - IDFC First Bank Ltd IDFB.NS :
* RBI IMPOSES A MONETARY PENALTY OF 10 MILLION RUPEES
* PENALTY PERTAINING TO AN INFRASTRUCTURE LOAN GRANTED TO A
PUBLIC
SECTOR UNDERTAKING IN 2016 AND 2017
* SAID LOAN HAD ALREADY BEEN REPAID IN FULL WITH NO LOSS TO
BANK
AND CLOSED IN BOOKS
* DOES NOT UNDERTAKE INFRASTRUCTURE PROJECT FINANCING SINCE
2019
AS A PART OF ITS LENDING STRATEGY
Source text for Eikon: ID:nBSE6DzLPB
Further company coverage: IDFB.NS
((Reuters.Briefs@thomsonreuters.com;))
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