Exposure To Rotomac Group ₹517 Cr: Allahabad Bank
Allahabad Bank has said that it has an exposure of ₹517 crore to the Rotomac group.
In response to a clarification sought by stock exchanges, the bank said that it has an exposure to the group since 2006.
The Kolkata-based bank has an exposure of close to ₹43 crore to Rotomac Exim through sole banking, ₹315 crore to Rotomac Global through multiple banking, and ₹159 crore to Rotomac Exports through consortium arrangement wherein Bank of India is the lead banker, the bank informed the stock exchanges. Of the three accounts, those of Rotomac Global and Rotomac Exports have been filed with the National Company Law Tribunal (NCLT) and admitted on September 20, 2017.
The recovery process under SARFAESI is under way for Rotomac Exim, the filing said.
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more