REI Agro

RBI questions banks for lending Rs 5,262 crore to REI Agro

RBI has questioned the decision of a 21-bank consortium led by UCO Bank to extend a staggering Rs 5,262-crore loan to Kolkata-based rice trading firm REI Agro which was found to be involved in fraudulent activities.

Aug 15, 2016, 10:41 AM IST