March 29, 2018 / 6:01 AM / 9 months ago

BRIEF-India's Karnataka Bank Reports Fraud Worth 864.7 Mln Rupees To RBI

March 29 (Reuters) - Karnataka Bank Ltd:

* REPORTED FRAUD WORTH 864.7 MILLION RUPEES TO RBI

* FRAUD RELATED TO FACILITIES EXTENDED TO GITANJALI GEMS ON ACCOUNT OF NON-REALISATION OF EXPORTS BILLS, DIVERSION OF FUNDS

* DOES NOT HAVE ANY LOU EXPOSURE TO GITANJALI GEMS Source text - bit.ly/2GTFUCJ Further company coverage:

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