Punjab National Bank has informed the Reserve Bank of India (RBI) regarding a borrowal fraud of around ₹2,434 crore linked to former promoters of SREI Equipment Finance Ltd and SREI Infrastructure Finance Ltd, the lending giant informed the exchanges on Friday, 26 December 2025.
These companies were successfully resolved under the Corporate Insolvency Resolution Process (CIRP) by the NCLT, PNB noted.
Out of the ₹2,434 crore fraud, ₹1,241 crore is associated with a loan account of SREI Equipment Finance Ltd, and ₹1,193 crore with the loan account of SREI Infrastructure Finance Ltd. The lender has made provision for the total outstanding amount, according to the filing.
The state-owned bank made the fraud announcement following the market hours on Friday, 26 December. PNB shares ended 0.50% lower at ₹120.35 on BSE today.
