The following is the key excerpt from the exchange filing by Punjab & Sind Bank to BSE on Saturday: A non-performing asset account, Golden Jubilee Hotels Pvt Ltd, with outstanding dues of 864.00 mln rupees has been declared as fraud and been reported to the Reserve Bank of India as per regulatory requirement
The bank has made 100% provision against the account On Friday, shares of Punjab & Sind Bank closed 5.9% higher at 16.15 rupees on the National Stock Exchange.
Swarnim Times is a cutting-edge news portal tailored for Gen Z, focusing on the stories that matter most to the younger generation. It covers a diverse range of topics, including technology, social justice, mental health, entrepreneurship, and sustainability. With a fresh and engaging approach, Swarnim Times delivers fast, concise, and visually compelling news through videos, infographics, and interactive content. The platform empowers Gen Z with the latest trends, global issues, and movements that resonate with their values, ensuring they stay informed and inspired to lead positive change in the world.
Contact us: [email protected]
