New Delhi, Feb. 18 -- State-owned Punjab National Bank on Tuesday reported a fraud of Rs.270.57 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank.

Borrowal fraud of Rs.270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd, PNB said in a regulatory filing.

The loan was given by Station Square branch of the bank in Bhubaneswar, it said.

The bank has already made provisions amounting to Rs.270.57 crore, according to prescribed prudential norms.

For the December quarter, PNB posted more than two-fold jump in net profit to Rs.4,508 crore as against Rs.2,223 crore in the same quarter a year ago.

The company's total income increased to...