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Made 100% provisions for old pisciculture loans, says IDBI Bank

March 29, 2018 10:49 pm | Updated 10:49 pm IST

Special Correspondent

Mumbai

IDBI Bank on Thursday said it has made 100% provision for pisciculture loans given during 2009-2013 that was detected and disclosed as fraud in 2013.

“The bank would like to reiterate that all the Pisciculture loans identified as fraudulent have been fully provided for and there will be no further impact on the profitability/balance sheet of the Bank,” IDBI said in a statement. (End)

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