PNB shares in focus after lender reports Rs 2,434 crore fraud linked to SREI firms
Shares of state-run lender Punjab National Bank (PNB) are expected to be in focus on Monday, December 29, following the bank’s disclosure of a significant borrowing fraud involving two companies—SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL). PNB reported the fraud amounting to Rs 2,434 crore to the Reserve Bank of India…