State-run IDBI Bank discloses â¹772 crore loan fraud
State-run IDBI Bank has said fraudulent loans of â¹772 crore were issued from five of its branches in Andhra Pradesh and Telangana. The bank said that some of the loans issued during fiscals 2009-13 for fish-farming businesses were obtained using fake documents and overvalued collateral security. It found major lapses in processing and disbursing loans by two of its officials.