Punjab National Bank (PNB) shares will be in focus on Monday after the bank disclosed a loan fraud of ₹2,434 crore in a regulatory filing after market close on Friday, December 26. The bank has also informed the Reserve Bank of India (RBI) about this matter. Two companies are involved in this loan fraud: SREI Equipment Finance Limited (SEFL) and SREI Infrastructure Finance Limited (SIFL).
In its filing with the exchanges, the bank said SREI Equipment Finance Ltd (SEFL) has committed a fraud of ₹1,240.94 crore and SREI Infrastructure Finance Ltd (SIFL) has committed a fraud of ₹1,193.06 crore. This means that both these companies have not repaid the loan taken from the bank. However, PNB has clarified that it has made 100 percent provisioning for the outstanding amount of both the loans. The filing also stated that these companies have been resolved by the National Company Law Tribunal (NCLT) under the Corporate Insolvency Resolution Process (CIRP).
Punjab National Bank shares
Shares of PNB, which were already under pressure on Friday, closed at ₹120.35 on BSE, down 0.50 per cent from the previous close of ₹120.95. PNB shares have been performing well for some time now, gaining about 13 per cent in the last six months and 17 per cent year-to-date in 2025. Technical indicators suggest that the stock is currently trading in the neutral zone. According to trendline data, the Relative Strength Index (RSI) stands at 50.8, while the Money Flow Index stands at 55.4. Both indicators show that the stock is in the mid-range – neither overbought nor oversold.
