Allahabad Bank has reported Borrowal Fraud of Bank's Exposure in SEL Manufacturing Ltd. (SELM) involving a total amount of Rs. 688.27 Crore.
The bank has fully provided for this Non Performing Account, viz. SEL Manufacturing Ltd. (SELM) with outstanding dues of Rs. 688.27 crore for which NCLT proceedings are in progress, has also been declared as fraud and reported to RBI as per regulatory requirement.
Shares of ALLAHABAD BANK was last trading in BSE at Rs.43.5 as compared to the previous close of Rs. 44.35. The total number of shares traded during the day was 121309 in over 386 trades.
The stock hit an intraday high of Rs. 44.8 and intraday low of 43.3. The net turnover during the day was Rs. 5324075.