Karnataka Bank reports Rs 40.39 cr fraud by Hanung Toys and Textiles
The lender said that the borrowing account was classified as non-performing asset (NPA) in July 2015 and had been fully provided for and as such, no negative impact on the bank's profitability at present.
Private lender Karnataka Bank on December 4 said it has reported to the RBI a fraud of Rs 40.39 crore in the credit facilities to Hanung Toys and Textiles Ltd, which has already been declared a non-performing borrowing account. Hanung Toys and Textiles Ltd (b
It’s time to compare and apply for the best loan offers at Afinoz. We are a leading online financial marketplace for Personal Loans
, Business Loan
& Car Loan
and Investment Products. Our system intelligence and the automated system offers the best options to you for the real-time tracking of your loan application in an easy manner. Stay tuned to latest updates in the industry at Afinoz.com