Canara Bank has clarified that it has an exposure of Rs 678.28 crore to the account of Transstroy India, reported as fraud to the RBI on 10.02.2020, exactly where one hundred% provision has been created in the account. Transstroy India was enjoying limits from a variety of banks below a number of banking arrangements from 2001.
Subsequently, a consortium with Canara Bank as a leader and 13 other banks was formed in 2013 and the total limit sanctioned was `4,765.70crore and the share of Canara Bank was Rs 678.28 crore