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In response to reports regarding the NCGTC audit on 'evergreening of loans,' Bandhan Bank clarified that the audit has been initiated by NCGTC, and not by the banking regulator RBI.
According to the Kolkata-headquartered bank, it claimed and received an amount of Rs 917 crore from the National Credit Guarantee Trustee Company Ltd (NCGTC) in December 2022, as only 15 per cent of the insured amount can be sought. Subsequently, the bank made a claim of Rs 1,296 crore in the second quarter of the current financial year, which is also lower than the maximum eligible amount of Rs 3,120 crore.