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Stocks to watch: Torrent Power, Thomas Cook, Narayana Hrudayalaya, NTPC

Stocks to watch: Torrent Power, Thomas Cook, Narayana Hrudayalaya, NTPC
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Karnataka Bank reports fraud to RBI

Karnataka Bank reports Rs 34 16-crore fraud to Reserve Bank of India

Private sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks, which is a dud account now. The bank has reported to RBI (Reserve Bank of India) a fraud in the credit facilities extended earlier to IL&FS Transportation Networks Ltd with an outstanding balance of Rs 34.16 crore (defaulted entity), Karnataka Bank said in a regulatory filing. The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangement in which Karnataka Bank was one of the members.

Karnataka Bank reports Rs 34 16-crore fraud to RBI

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