Small biz loan claims under audit, Bandhan says in filing

January 10, 2024

The private sector lender claimed twice from the credit guarantee fund for the micro units (CGFMU). After receiving the first tranche, it had applied for second tranche of CGFMU claim amounting to nearly Rs 1290 crore. NCGTC had done a preliminary sample audit on the application, and further decided to conduct a detailed audit for the CGFMU portfolio of FY 2020-21, the bank said Tuesday in a regulatory filing to stock exchanges.

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