By Admin 
Punjab National Bank: Shares of Punjab National Bank (PNB) will be in focus on Monday as the bank reported a loan fraud of Rs 2434 crore in its regulatory filing after the market closed on Friday, December 26. The bank has also informed the Reserve Bank of India (RBI) about this. This case of loan fraud is related to two companies – SREI Equipment Finance Limited (SEFL) and SREI Infrastructure Finance Limited (SIFL).
In the information given to the exchanges, the bank said that SREI Equipment Finance Limited (SEFL) has committed fraud of Rs 1,240.94 crore and SREI Infrastructure Finance Limited (SIFL) has committed fraud of Rs 1,193.06 crore. That means both these companies have not yet repaid the money taken from the bank by taking loan. However, PNB clearly said that it has made 100 percent provisioning for the outstanding amount of both the loans. It has also been told in the filing that these companies have been resolved by the National Company Law Tribunal (NCLT) under the Corporate Insolvency Resolution Process (CIRP).
Punjab National Bank shares
PNB shares were already under pressure on Friday, closing at Rs 120.35, down 0.50 per cent from the previous closing price of Rs 120.95 on BSE. PNB shares have remained strong for a long time. It has increased by about 13 percent in the last six months and by 17 percent year-on-year in 2025. Technical indicators show that the stock is currently trading in the neutral zone. According to Trendline data, the Relative Strength Index (RSI) is at 50.8, while the Money Flow Index is at 55.4. Both indicators indicate that the stock is in the mid-range – neither overbought nor oversold.
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