April 17, 2018 / 10:56 AM / 8 months ago

BRIEF-Central Bank Of India Says SSK Trading Account Declared Fraud On April 13

April 17 (Reuters) - Central Bank Of India Ltd:

* BANK HAD SANCTIONED CREDIT FACILITIES TO SSK TRADING; OUTSTANDING AMOUNT FOR THE ACCOUNT AS ON MARCH 31 IS 291.9 MILLION RUPEES

* ACCOUNT WAS NPA W.E.F APRIL 30, 2014 AND DECLARED AS FRAUD W.E.F APRIL 13, 2017

* COMPLAINT WAS LODGED WITH CENTRAL BUREAU OF INVESTIGATION BY CONSORTIUM OF BANKS LED BY PUNJAB NATIONAL BANK. Source text - bit.ly/2vkVpS9 Further company coverage:

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