Won't require any more provisioning on account of Bhushan Power fraud, says Allahabad Bank

CNBC-TV18
CNBC-TV18
  • 5 years ago
Allahabad Bank shares have tumbled 10 percent this morning on news report that the bank had to classify about Rs 1,700 crore of loans given to Bhushan Power and Steel as fraudulent. SS Mallikarjuna Rao, MD and CEO of Allahabad Bank shared his views and outlook.

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