State-owned Punjab National Bank (PNB) has reported a fraud of Rs 2,060.14 crore in the non-performing account (NPA) of IL&FS Tamil Nadu Power Co. Ltd at the lender’s ‘Large Corporate Bank Delhi branch.

The publicly-traded bank reported the development on Tuesday in an exchange filing as per capital markets regulator Sebi’s guidelines.

“A fraud of Rs. 2060.14 Crore is being reported by Bank to RBI in the accounts of the Company. Bank has already made provisions amounting to Rs. 824.06 Crore, as per prescribed prudential norms,” PNB’s exchange filing noted.

The bank also said has already made provisions amounting to Rs. 824.06 crore, as per prescribed norms.

The non-banking finance company Infrastructure Leasing & Financial Services (IL&FS) defaulted on its loan obligations in 2018 throwing several infrastructure projects funded by it in limbo. IL&FS’s debt exposure at the time was reported to be Rs 94,000 crore.

In October 2018, the government discharged the old board and constituted a new one to oversee the NBFC out of its crisis. Kotak Mahindra Bank’s Uday Kotak, Tech Mahindra’s Vineet Nayyar, former Sebi chief G N Bajpai, former ICICI Bank chairman G C Chaturvedi, former IAS officers Malini Shankar and Nand Kishore were given the reins of the board at the time.

PNB’s filing on Tuesday comes a month after Punjab & Sindh Bank declared the NPA account of IL&FS Tamil Nadu as fraud account.