Bandhan Bank’s loan claims to be audited by NCGTC

Mumbai: Bandhan Bank said on Tuesday that the National Credit Guarantee Trustee Company (NCGTC) has decided to carry out an audit of loan claims filed by the bank under a guarantee scheme.

However, the bank clarified that the regulator has not initiated a broader audit of the bank, but only the CGFMU claim pertaining to the portfolio.

After receiving the first tranche of recovery from the Credit Guarantee Fund of Micro Units (CGFMU), Bandhan Bank had applied for a second tranche of about Rs 1,290 crore, the lender said in an exchange filing.