PNB reports Rs 2,434 crore borrowal fraud linked to former SREI promoters to RBI
State-owned Punjab National Bank (PNB) on Friday said it has reported a borrowal fraud of Rs 2,434 crore to the Reserve Bank of India (RBI), involving the erstwhile promoters of SREI Equipment Finance (SEFL) and SREI Infrastructure Finance (SIFL). The borrower fraud related to SEFL stood at Rs 1,240.94 crore and the PSU bank has…