Chennai-headquartered public sector Indian Bank has announced that it fully provided Non-Performing Accounts of two companies of Pratibha Group namely, Pratibha Industries and FEMC-Pratibha joint venture, with total outstanding dues of ₹574.66 crore has been declared as fraud and reported to RBI as per regulatory requirement.
Last week, the bank said it fully provided for IL&FS Financial Services Ltd with outstanding dues of ₹2408.00 crore has been declared as fraud and reported to RBI as per regulatory requirement.
