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Ex-Srei promoters committed over 2,400cr loan fraud: PNB

contact@dailyupdatesindia.com5 months ago01 mins

NEW DELHI: Four years after RBI ordered insolvency action against Srei Infrastructure Finance and Srei Equipment Finance, Punjab National Bank on Friday reported a loan fraud of Rs 2,434 crore committed by the erstwhile promoters of the two non-bank finance companies to the regulator.It reported a fraud of Rs 1,241 crore in the case of…

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