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flag 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.

flag 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. flag The bank has fully provisioned for the amount and saw a slight drop in share price. flag Despite the fraud, PNB reported improved asset quality with lower NPAs and higher recoveries in the first half of FY26.

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