PNB reports about Rs 2,434 crore borrowal fraud to RBI

Fraud ConfirmedNclt Resolution ApprovedRegulatory & Legal View source PDF Explain this filing

PNB · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹120.25

prior close

₹116.60

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.7% vs market

Public Sector Bank peers, median of 11sector-0.1%+0.4% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty 100 and 0.4 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.6

10m

+3.1

15m

+2.9

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3-0.4+0.7-0.1+0.4

Next day

+1.4-0.4+1.8+1.6-0.2

+2.9+0.4+2.5+2.9-0.0

+2.9+0.5+2.4+4.1-1.1

+4.5+1.3+3.3+6.8-2.3

+4.0+1.0+2.9+7.3-3.4

+4.2+0.7+3.5+7.2-3.0

15d

+4.3-3.0+7.3+4.8-0.6

+4.0-2.1+6.2+5.0-1.0

+5.1-3.9+8.9+9.8-4.8

-16.2-14.0-2.2-8.0-8.2

UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PNB has reported a borrowal fraud of about Rs 1,240.94 crore against SREI Equipment Finance Ltd and Rs 1,193.06 crore against SREI Infrastructure Finance Ltd, totalling around Rs 2,434 crore, to the RBI. Both companies were previously resolved under the Corporate Insolvency Resolution Process by NCLT. The bank has already made full 100 percent provisions on the entire outstanding amounts, so the financial hit is already absorbed in past books.

Likely market impact

Fully provisioned and already under insolvency resolution; minimal fresh impact on the bank or stock price.