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PNB Share Drops 3% Amid Rs 2,434-Cr Loan Fraud by Ex-Promoters of Srei Group

On December 29, 2025, PNB shares fell about 3% after the bank reported a Rs 2,434‑crore loan fraud involving former Srei Group promoters. Despite full provisions, the news shook the market and raised concerns about credit risk and governance.

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