Pursuant to the applicable provisions of SEBI (LODR) Regulations and the materiality policy of the Bank we inform as under:
In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and having regard to the Bank's policy on determination and disclosures of material events, it is informed that a NPA Account, viz. M/s Golden Jubilee Hotels Private Limited with book outstanding of Rs.86.40 crore and 100% provisioning has been declared as fraud and reported to RBI as per regulatory requirement.
This is in compliance with the regulation 30 of SEBI (LODR) Regulations, 2015.