PNB Shares Fall up to 3% as PSU Bank Reports Rs 2,434-Cr Loan Fraud Against Ex-Promoters of Srei Group to RBI

PNB shares fall up to 3% as PSU bank reports Rs 2,434-cr loan fraud against ex-promoters of Srei Group to RBI

The bank has reported a case of borrowing fraud to the RBI against the erstwhile promoters of SEFL and SIFL, amounting to Rs 1,240.94 crore and Rs 1,193.06 crore, respectively

PNB Shares Get well After Fall After It Reported Rs 2,434 Crore Mortgage Fraud

Mumbai: Shares of state-owned lender Punjab Nationwide Financial institution on Monday recovered after an earlier fall, after it reported a mortgage fraud of Rs 2,434 crore final week, allegedly dedicated by former promoters of SREI Tools Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).  PNB’s shares had fallen as a lot as 3.1 per cent to Rs 116.6 apiece earlier within the day, however have been buying and selling at Rs 120.55, up …

Punjab National Bank shares recover after fall after it reported Rs 2,434 crore loan fraud

Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).

PNB Shares in Focus: ₹2,434 Crore SREI Group Loan Fraud Reported to RBI - discountwalas

PNB is heading into a high-volatility session this coming Monday. As of Saturday, December 27, 2025, the state-run lender has officially flagged a massive ₹2,434 crore loan fraud involving the SREI Group. The thing is, the disclosure dropped just after the markets closed on Friday. Or nothing. Let’s be real, even though the bank says it’s already covered the losses, the “F-word” (fraud) always makes investors a bit twitchy. Those too. PNB shares…

PNB reports Rs 2,434 cr loan fraud against former Srei promoters to RBI

New Delhi: State-owned Punjab National Bank on Friday reported a loan fraud of Rs 2,434 crore committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL) to the banking sector regulator, the Reserve Bank. These two entities with financial debt amounting to Rs 32,700 crore went through resolution under the Insolvency and Bankruptcy Code and the new promoter National Asset Reconstruction Company Lt…