Brief: Karnataka Bank Reports To RBI Fraud In Credit Facilities To IL&FS Transportation Networks

Karnataka Bank

19/02/2021 13:37

Feb 19 (Reuters) - Karnataka Bank Ltd  KBNK.NS :
    * REPORTING OF FRAUD TO RBI.
    * REPORTED TO RBI FRAUD IN CREDIT FACILITIES EXTENDED TO
IL&FS
TRANSPORTATION NETWORKS WITH OUTSTANDING BALANCE OF 341.6
MILLION RUPEES
    * NO IMPACT ON FINANCIALS OF BANK GOING FORWARD

Source text for Eikon:  ID:nBSE2RPSWg 
Further company coverage:  KBNK.NS 

 ((Reuters.Briefs@thomsonreuters.com;))