Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.
A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.
The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.
"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.
"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.
Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.
Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.
Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.
"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.
Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.
The account has already been fully provided for, it added.
Comments
It is not a big deal....in Darga you wont find any God.....LOL...
Temple or dargah both are same which leads to shirk..... both believers of temple and dargah has lack of religious knowledge, instead of reading their religious books this people are believing this fraud baba, tantrik, swami, tangal, koya etc.... may Allah give hidaya to all the human beings in this earth to know the truth
I am sure that Trupti Desai is doing such unwanted acts only to get popularity. Is she really concerned about women, she should fight agaisnt dowry, killings of woman in the name of dowry, rape, misbehave by immoral police etc etc. In the same time, Desai should know that Dargah is not a holy place for Muslims and there is no need of any Muslim to pray in the Dargah. Muslim women are given freedom to pray in their home. Instead of praying at home why are they so eager to visit Dargah or Masjid. Does they want to show their beauty? why are they interested in unnecessary activities which is being supported by Desai whereas she is not interested in actual and important things. Does Desai has no other job?
Think Brothers Think ... and PONDER, is DARGAH culture allowed in ISLAM? Y are we encouraging this system of worship... which is close to the cultures of pagan worshipers...
WORSHIP ALLAH the way Prophet Muhammad pbuh taught us and follow the Sahabas RA .. When U follow the last and final prophet of ALLAH, U will not be trapped with such humiliation. When we follow our own desire... then expect such treatment ...
Prayer of the Mushriks.. There is no Darga concept in islam.
Dear Desai,
Just for your information it is one and the same, if you pray in darga or in temple it will go nowhere. worship the creator not his creation.
Add new comment