Beleaguered Pen Urban Co-op Bank recovers Rs 184cr

Maharashtra based scam ridden- Pen Urban Cooperative Bank recovered Rs 184 crore from the debtors. The information was shared by the bank administrator on Monday.

The administrator said Rs 2.74 crore was collected from 227 borrowers under the one-time settlement scheme, while loan recovery stood at Rs 184.71 crore.

The bank was hit by a scam of more than 795 crore in 2010, which was probed by the Enforcement Directorate under the Prevention of Money Laundering Act.

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