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Kotak Mahindra Bank gives big update in case of FD fraud of Rs 160 crore – Market

Buzz line4 hours ago01 mins

Kotak Mahindra Bank on Friday clarified the Rs 160 crore FD (fixed deposit) fraud case involving Panchkula Municipal Corporation in an exchange filing. The bank has said that this matter has not had any major impact on its financial condition. This clarification from the bank has come after news of fraud surfaced in media reports….

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