Pisciculture Loan Fraud: IDBI Bank Pursuing Legal Action Against Borrowers

\""; var iframeDoc = _iframe.contentWindow ? _iframe.contentWindow.document : _iframe.contentDocument; iframeDoc.open("text/html", "replace"), iframeDoc.write(html), iframeDoc.close(); setTimeout(function() { }, 2000); } catch (e) { } } } }

"; if(isDeviceEnabled("[large, medium]")) { d.write(adcode); } }(document);

"; if(isDeviceEnabled("[large, medium]")) { d.write(adcode); } }(document);

" + ""; if(isDeviceEnabled("[large, medium]")) { d.write(adcode); } }(document);

Mumbai, March 29

IDBI Bank on Thursday said it is continuing to pursue all legal actions to recover dues from borrowers who fraudulently obtained pisciculture loans aggregating Rs 772 crore. The public sector bank, in a statement, underscored that the pisciculture loans fraud is not a new case. It was detected and disclosed in 2013. "It was reported to and duly filed with Reserve Bank of India through a fraud monitoring report in 2013.

“The bank would like to reiterate that all the pisciculture loans identified as fraudulent have been fully provided for and there will be no further impact on the profitability/ balance sheet of the bank and has taken action against the erring officers," the statement said.

Published on March 29, 2018

" + ""; if(isDeviceEnabled("[large, medium]")) { d.write(adcode); } }(document);

MORE FROM BUSINESSLINE



 Getting recommendations just for you...

" + ""; if(isDeviceEnabled("[large, medium]")) { d.write(adcode); } }(document);

"; if(isDeviceEnabled("[medium, small]")) { d.write(adcode); } }(document);

"; if(isDeviceEnabled("[medium, small]")) { d.write(adcode); } }(document);

" + ""; if(isDeviceEnabled("[large, medium]")) { d.write(adcode); } }(document);

RECENT NEWS

USAA To Expand Workforce In Chesapeake To Support Growing Membership

Company adding more than 500 employees in the area over the next two years Read more

USAA Advocates For Safe Driving Habits During 100 Deadliest Days Of Summer For Teens

New Safe Driving Simulator virtual experience helps drivers identify bad habits ahead of summer travels Read more

USAAs Poppy Wall Of Honor® Returns To National Mall For Sixth Year To Honor And Remember Fallen Service Members

Enhanced experience provides immersive storytelling to illustrate all that was given in service to our country Read more

USAA Appoints Brian Goldman As Chief Risk Officer

USAA announced today the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27. Read more

Strong Financial Performance Reflects USAAs Unwavering Commitment To Members And The Military Community

Association added 1 million new members and continued to serve the military community and their families through enhance... Read more

USAA And The Valero Texas Open Join Forces To Honor Military Heroes

Service Members and Veterans to Receive Exclusive Benefits and Complimentary Access Read more

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy.