Canara Bank has clarified that it has an exposure of Rs 678.28 crore to the account of Transstroy India, reported as fraud to the RBI on 10.02.2020, where 100% provision has been made in the account. Transstroy India was enjoying limits from various banks under multiple banking arrangements from 2001.

Subsequently, a consortium with Canara Bank as a leader and 13 other banks was formed in 2013 and the total limit sanctioned was `4,765.70crore and the share of Canara Bank was Rs 678.28 crore