Public sector lender IDBI Financial institution right this moment clarified on stories of a Diamantaire group defaulting on ₹6,710 crore loans, stating the information merchandise incorporates factual inaccuracies.
IDBI Financial institution additional mentioned it has publicity to Sanghavi Exports, which is a Non-Performing Account (NPA) with the Financial institution, however the principal excellent quantity is simply ₹16.72 crore and it’s totally supplied for.
“It has been dropped at the discover of IDBI Financial institution {that a} information article is in circulation stating {that a} default of ₹6,710 crore has been made by a Diamantaire group to IDBI Financial institution. The information merchandise additional talked about the title of M/s Sanghavi Exports Worldwide Pvt. Ltd., which is a Non-Performing Account (NPA) with the Financial institution. The Financial institution hereby advises that the information merchandise incorporates sure factual inaccuracies,” the lender knowledgeable the inventory exchanges.
“IDBI Financial institution has publicity to M/s Sanghavi Exports Worldwide Pvt. Ltd. (which is NPA), however the present Principal Excellent is simply Rs. 16.72
crore (Rupees Sixteen Crore and Seventy Two Lakh solely) and the account is totally supplied,” it additional mentioned.
IDBI Financial institution has initiated requisite actions to get well its excellent dues.
On Monday, IDBI Financial institution shares closed 1.41% decrease at ₹45.40 apiece on NSE.
Supply: Live Mint