PNB reports Rs 2,434 crore borrowal fraud linked to former SREI promoters to RBI

Punjab National Bank on Friday reported a Rs 2,434 crore borrowal fraud linked to former SREI promoters to Reserve Bank of India. ​The borrower fraud related to SEFL stood at Rs 1,240.94 crore and the PSU bank has made 100% provision for the outstanding amount, the lender said in its filing to the exchanges.