LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Rs 13 crore fraud! Karnataka Bank reports to RBI

 A fraud amounting to Rs 13.26 crore in the fund-based working capital facility extended to SRS Finance Ltd.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Rs 13 crore fraud! Karnataka Bank reports to RBI
The fraud was on account of "diversion of funds", the lender said in a BSE filing. Photo: PTI
Written By: PTI
Updated: Sat, Mar 23, 2019
05:05 pm
New Delhi, PTI

Karnataka Bank Saturday said it has reported to regulator RBI about a fraud amounting to Rs 13.26 crore in the fund-based working capital facility extended to SRS Finance Ltd.

The fraud was on account of "diversion of funds", the lender said in a BSE filing.

The bank extended the working capital facility under multiple banking arrangement and necessary accounting treatment has already been given as per the extant RBI guidelines, it added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Karnataka BankReserve Bank of India
RELATED NEWS
Mid cap Picks with Anil Singhvi: Karnataka Bank, HAL and BASF are stocks to buy, says Siddharth Sedani Mid cap Picks with Anil Singhvi: Karnataka Bank, HAL and BASF are stocks to buy, says Siddharth Sedani
Mid-cap Picks with Anil Singhvi: Karnataka Bank, HAL and BASF are stocks to buy, says Siddharth Sedani Mid-cap Picks with Anil Singhvi: Karnataka Bank, HAL and BASF are stocks to buy, says Siddharth Sedani
Karnataka Bank's Capital Adequacy Ratio stands at 13.8%, says Mahabaleshwara MS, MD & CEO Karnataka Bank's Capital Adequacy Ratio stands at 13.8%, says Mahabaleshwara MS, MD & CEO
Budget 2021 Stock Picks With Anil Singhvi: Karnataka Bank is a top BUY for Market Guru; lists these 3 MAJOR reasons to buy this counter Budget 2021 Stock Picks With Anil Singhvi: Karnataka Bank is a top BUY for Market Guru; lists these 3 MAJOR reasons to buy this counter
Karnataka Bank is coming with Festive Dhamaka for its customers: Mahabaleshwara MS, MD & CEO Karnataka Bank is coming with Festive Dhamaka for its customers: Mahabaleshwara MS, MD & CEO

LATEST NEWS

Petrol, Diesel Price Today – Rates unchanged on Sunday in 4 metros; Do this to get latest prices in Delhi-NCR, Mumbai, Kolkata and Chennai

Flavoured milk taxable at 12% under GST: AAR rules in Amul dairy case

Irdai imposes Rs 51 lakh penalty on 4 insurers

Gold imports rise by 22.58% to $34.6 bn in 2020-21

In chat with Anil Singhvi, analyst Vikas Sethi recommends Hikal, Biocon as top buys for big gains

Stocks in Focus - ACC, Bajaj Consumer, ICICI Prudential, Crisil, Alok Industries - Q4 results to be announced on Monday; stocks likely to remain in focus

Kisan Vikas Patra scheme offers 6.9 pct interest; Which other schemes are offering HIGHER INTERESTS - Know here

Medical Oxygen Supply – Centre takes this step to meet demand as cases rise to over 2.6 lakhs

Gold Price Today 18-04-2021 – Be prepared to pay more for Gold, Silver; not just coronavirus, bullion prices may jump because of THIS reason

IndianOil Alert – Your Opportunity to earn WHOPPING Rs 2 Cr – Know terms and conditions; Do this and Win BIG

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved