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 And U.S.VETS Expand Effort To Prevent Veteran Homelessness Before It Starts
New Financial Resiliency Program Combines Housing, Coaching and Financial Services to Help 50,000 Veterans Build Lasting... Read more
USAA Bank Launches New Rewards Credit Cards, Delivering Higher Value For Everyday Spending
New survey data shows consumers increasingly rely on rewards to offset everyday expenses, from groceries to gas Read more
USAA Names Mara Motherway Senior Vice President And Head Of Government Relations
Jul 09 2026 SAN ANTONIO — July 9, 2026 — USAA today announced the appointment of Mara Moth... Read more
USAA And Wounded Warrior Project Launch $5 Million Initiative To Help Veterans Build Financial Security During The Transition To Civilian Life
Warrior Secure Start is a purpose-built program that combines financial education, personalized coaching and empowerment... Read more
USAA To Honor Those Who Made 250 Years Of Freedom Possible
Through partnerships, events and community engagements, USAA will celebrate the service members whose sacrifices helped ... Read more
USAA Introduces Smoky: A K9 Ambassador Rooted In Military Heritage And Well-being
Company launches first-ever Chief Pawsitivity Officer and announces $60,000 grant to K9s For Warriors to support veteran... Read more