Indian Bank reported three accounts as fraud to the RBI, on Thursday. The total outstanding of these banks stood over Rs.35 crore, reports PTI.

The three non-performing accounts are S Kumars Nationwide Ltd, Priya Ltd, and Yuvaraj Power Projects. These accounts have been declared as fraud and reported to the RBI as per regulatory requirement, Indian Bank said in an exchange filing.

The state-owned lender said all of the three accounts have caused fund diversion to the tune of Rs.35.29 crore.

S Kumars Nationwide Ltd has outstanding balance of Rs.14.51 crore, Priya Ltd Rs.9.73 crore and Yuvaraj Power Projects Rs.11.05 crore. While the former two accounts have provision up to 100 per cent of the loan outstanding, the third account has provision cover of Rs.9.60 crore at end of December 2020, said the lender.

Indian Bank shares closed 0.32 percent up at Rs.139.90 apiece on BSE.