Central Bank says Rs 49-crore exposure to Maytas
State-owned Central bank of India has exposure of Rs 49 crore to Maytas, which is owned by Raju family, according to media reports.The bank also expressed interest to lend to Satyam Computers, if the company approaches it for funds. However, Satyam has not appealed any bank fund, the media reports says.
Central Bank of India's Executive Director Ramnath Pradeep told to media that fund was given to an SPV co-promoted by Maytas to execute some infrastructure projects. Bank has a total loan book of Rs 81,000 crore, out of which nearly 27 per cent was contributed by its corporate portfolio.


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