Gold Silver Reports (GSR) – IDBI Bank Falls As CBI Investigates Fraud Loan — Shares of the Mumbai-based government-owned lender fell as much as 5.4 percent to Rs 68 after a report stated that the CBI is investigating a loan scam.
Around 360 farmers and others from Andhra Pradesh and Adilabad district of Telangana allegedly borrowed Rs 540 crore from IDBI Bank in two cases of cheating, The Hindu newspaper reported based on complaints lodged by the bank’s senior regional head and general manager of zonal office of Hyderabad.
