PNB Reports ₹2,434 Cr Fraud to RBI Linked to SREI Promoters

Punjab National Bank | Similar to Bank of Baroda, PNB is also likely to receive passive inflows worth $76 million, according to Nuvama Alternative. The stock is also at a 52-week high having gained 8.5% in the last one month. Foreign shareholding here currently stands at 6%.

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CNBC TV18•26-12-2025, 20:07

PNB Reports ₹2,434 Cr Fraud to RBI Linked to SREI Promoters

•Punjab National Bank (PNB) reported a ₹2,434 crore borrowal fraud to the Reserve Bank of India (RBI).
•The fraud is linked to the former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).
•The fraud includes ₹1,240.94 crore related to SEFL and ₹1,193.06 crore to SIFL.
•PNB has made 100% provision for the entire outstanding amount in both accounts.
•Both SEFL and SIFL have been resolved under the Corporate Insolvency Resolution Process by the National Company Law Tribunal.

Why It Matters: PNB disclosed a significant fraud linked to SREI, fully provisioning the ₹2,434 crore loss.

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