IDBI reports RS 772 crore fraud, shares fall 5.25 per cent

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“Subsequently, these cases were parked in five branches — Basheerbagh in Hyderabad, Guntur, Rajahmundry, Bhimavaram and Palangi. It was later discovered that some of these loans (52 aggregators with principal outstanding of Rs 772 crore) were fraudulently obtained by some industrialists who ...