🚨 PNB Reports ₹2,434 Cr Borrowal Fraud Linked to SREI Group

Punjab National Bank has reported a ₹2,434 crore fraud to the RBI linked to former SREI Group promoters. Entity Amount SREI Equipment Finance ₹1,240.94 Cr SREI Infrastructure Finance ₹1,193.06 Cr ✔ PNB has already made 100% provisioning for both exposures ✔ Both companies were resolved under NCLT insolvency proceedings 📌 Investor View: No fresh balance-sheet shock expected as provisions are fully covered. #PNB #BankingNews #IndianBanks #PSUbank #FraudCase #NCLT #FinancialNews #StockMarketUpdate #StockYardResearch