About 913 borrowers have been classified as wilful defaulters and they collectively owe over Rs 11,480 crore to the bank as of March 2016 compared to Rs 10,870 crore in February.
Experts feel the corporate governance in PSU banks is not as strong as private banks and there is lot of involvement and interfering by government officials.
Union Bank | Ambuja Cements | Sterlite Industries | State Bank of Mysore | Raymond | Torrent Power | Kalpataru Power | SKS Microfinance | Bata India | DLF | Texmaco Rail | Dewan Housing Finance | Kalindee Rail and Tata Motors are stocks, which are in the news today.
Frauds in the banking sector are increasingly becoming a common practice, especially with the involvement of bank officials. CNBC-TV18’s Vidhi Godiawala learns of another such alleged scam brewing. The central bureau of investigation (CBI) has suspected fraud by some bank officials in the matter of Mumbai-based Zoom Developers.