Business NewsWhy Bandhan Bank's Rs 23,300-Crore Credit Guarantee Portfolio Is Under Audit — Exclusive
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Why Bandhan Bank's Rs 23,300-Crore Credit Guarantee Portfolio Is Under Audit — Exclusive
The portfolios under review are part of the Credit Guarantee Fund Scheme for Micro Units and the Emergency Credit Line Guarantee Scheme, for which the lender registered and obtained guarantees.
A Bandhan Bank branch and ATM in Kolkata. (Source: Bank's website)
The National Credit Guarantee Trustee Co. has called for a forensic audit of loans worth Rs 23,300 crore at Bandhan Bank Ltd., according to a document circulated by the trust.The portfolios under review are part of the Credit Guarantee Fund Scheme for Micro Units and the Emergency Credit Line Guarantee Scheme, for which the lender registered and obtained guarantees, according a copy of the document reviewed by NDTV Profit.Loans under...