November 29, 2022

Punjab & Sind Bank declared Lanco Infratech’s NPA account as fraud

Punjab & Sind Bank declared infrastructure conglomerate Lanco Infratech Limited’s NPA account as a fraud account, with excellent dues of Rs 215.17 crore. According to a regulatory submitting to the inventory exchanges on Wednesday, June 16, Punjab and Sind Bank said that by way of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the non-performing asset (NPA) account – Lanco Infratech, with excellent dues of Rs 215.17 crore is declared as fraud and reported to the Reserve Bank of India (RBI) right now. 

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