Pension funds holding distressed Srei’s bonds in a spot

Pension funds holding distressed Srei’s bonds in a spot

Pension funds at several entities, including Punjab National Bank (PNB) and Food Corporation of India, face the risk of losses on their respective exposures to about ₹4,800 crore of bonds issued by two companies of the Kolkata-based distressed financier Srei Group, which are now undergoing a central bank-monitored insolvency process.

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