March 27 (Reuters) - Idbi Bank Ltd:
* CLARIFIES ON NEWS ITEM THAT SAID CBI BOOKS EX-GM OF CO FOR FRAUD
* CBI RECENTLY REGISTERED 2 OF 5 COMPLAINTS FILED BY CO W.R.T BRANCHES AT BASHEERBAGH AND GUNTUR
* HAS ALREADY PROVDED FOR THESE LOANS TO 100 PERCENT EXTENT; NO FURTHER IMPACT OF THESE ACCOUNTS IS THERE ON BANK’S PROFITABILITY
* CBI YET TO REGISTER CASES FILED BY CO W.R.T BRANCHES AT RAJAHMUNDRY, BHIVMAVARAM, PALANGI
* MAJOR LAPSES WHILE PROCESSING, DISBURSING LOANS WERE FOUND W.R.T BATTU RAMA RAO, GM , R. DAMODARAN, EX CGM
* ACCORDINGLY, RAMA RAO HAS BEEN DISMISSED FROM SERVICE WHILE DAMODARAN HAD ALREADY RETIRED Source text: bit.ly/2Gu63dz Further company coverage:
