PNB Flags ₹2,400 Cr Loan Fraud Linked to Srei Ex-Promoters, Makes Full Provision
State-owned Punjab National Bank (PNB) has reported a loan fraud of over ₹2,400 crore to the Reserve Bank of India (RBI) in connection with accounts linked to the erstwhile promoters of Srei Group entities, the lender disclosed in a stock exchange filing on Friday. The reported fraud comprises ₹1,241 crore related to SREI Equipment Finance … Continue reading PNB Flags ₹2,400 Cr Loan Fraud Linked to Srei Ex-Promoters, Makes Full Provision
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