PNB Flags ₹2,434 Crore SREI Loan Fraud to RBI: What the Exchange Filing Reveals, the KPMG Forensic Audit Trail, and What Happens Next
Punjab National Bank (PNB) has reported a ₹2,434 crore “borrowal fraud” to the Reserve Bank of India (RBI), linking the case to the erstwhile promoters of two SREI Group entities—SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL)—in a disclosure made to stock exchanges after market hours on Friday, December 26, 2025. The Economic Times+2NDTV Profit+2 The headline number is large, but the filing also contains a key reassurance for investors: PNB says it has already made 100% provisioning for the reported outstanding amounts, indicating no incremental hit to its financials from the disclosure itself. The Financial Express+1