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. Background of the Srei Group and Loan Details The Fraud Case Market Reaction and PNB Share Performance…