PNB reports fraud of over ₹2,000 crore in NPA account of ITPCL

The Punjab National Bank on Tuesday reported a fraud of ₹2,060 crore in the NPA account of IL&FS Tamil Nadu Power Company Ltd (ITPCL). The bank said it has already made provisions amounting to ₹824.1 crore as per prescribed prudential norms. In February, Punjab & Sind Bank had declared IL&FS Tamil Nadu a fraud account with dues of ₹148 crore.