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Punjab National Bank reported a ₹2,434 crore loan fraud linked to former SREI promoters, fully provisioned, with stable asset quality despite minor share drop.
Punjab National Bank reported a ₹2,434 crore loan fraud to the RBI involving former promoters of SREI Equipment Finance and SREI Infrastructure Finance, both resolved under insolvency proceedings.
The bank has fully provisioned for the amount and saw a slight drop in share price.
Despite the fraud, PNB reported improved asset quality with lower NPAs and higher recoveries in the first half of FY26.
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El Banco Nacional de Punjab informó un fraude de préstamos de ₹2,434 crore vinculado a ex promotores de SREI, con provisiones completas, con una calidad de activos estable a pesar de una caída menor de las acciones.