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Karnataka Bank reports Rs 34.16-crore fraud to RBI – CNBCTV18

Updated : February 20, 2021 10:25 AM IST

Private sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks, which is a dud account now.

Karnataka Bank stock closed 0.72 percent down at Rs 69.40 apiece on BSE.