The Haryana Government has started the process of reconciliation of loan accounts of government employees who have taken loans from Punjab National Bank (PNB) or whose loan accounts were transferred to PNB after the transfer of the loan portfolio. A letter has been issued by the Finance Department regarding this.
This action has been taken in view of Rs.2434 crore fraud reported recently in Punjab National Bank. The public sector bank (PNB) said on December 27, 2025, that the former promoters of two Shree Group companies, Shree Equipment Finance Limited (SEFL) and Shree Infrastructure Finance Limited (SIFL), had defrauded it of ₹2,434 crore. The bank stated that SEFL’s former promoters had committed fraud of ₹1,240.94 crore and SIFL had committed fraud of ₹1,193.06 crore.
To ensure proper monitoring and coordination of this process, all departments/offices have been directed to nominate a Nodal Officer at the headquarters level. This Nodal Officer will oversee the reconciliation of loan accounts of all borrower employees of the concerned department/office.
Each department or office has been directed to designate nodal officers at the district level. These officers will coordinate the reconciliation of loan accounts across districts, as well as the reconciliation of loan cases of loanee employees working on deputation to other organizations.
The Government has directed that the names and contact details of the nominated Nodal Officers be sent to the Finance Department by January 27 via email at wmafdhry@gmail.com, so that there is no delay in the reconciliation process of loan accounts.
Click here to read news of Rs.2434 crore fraud in PNB
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