PNB Reports ₹2,434 Crore Loan Fraud Linked to SREI Promoters

Punjab National Bank (PNB) has reported a borrowal fraud of ₹2,434 crore to the Reserve Bank of India (RBI), linked to the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance. The public sector lender has made a full 100% provision for the entire outstanding amount.

• PNB reports ₹2,434 crore loan fraud to the RBI.
• Fraud is linked to former promoters of SREI Equipment Finance and SREI Infrastructure Finance.
• SREI Equipment Finance accounts for ₹1,241 crore, and SREI Infrastructure Finance for ₹1,193 crore.
• PNB has made a 100% provision for the total outstanding amount.
• The news was widely reported by credible Indian financial news outlets on December 26, 2025.

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