.......It is because of the loss in this fraud that NDCCB is now facing a threat of losing its banking licence. The bank was supposed to have improved its finances by September 31, or else the Reserve Bank of India (RBI) can cancel its licence. Even as there are other banks in the list, NDCCB's losses are because of the fraud and not bad lending. The bank had planned to raise funds by selling off a building to meet RBI norms, but could not find suitable buyers.
Read - TOI
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