Mumbai: Fraud-ridden Punjab Nationwide Financial institution prolonged its shedding run on the bourses with the inventory falling under Rs 100 on Tuesday for the primary time since June 2016. With the inventory falling 39 per cent because the rip-off broke out on February 14, and 50 per cent off its 2018 peak on January 25, … Read more
Following the paramount and appreciable leap within the quantum of the scandal, shares of PNB cracked practically 9% on Monday’s session. (Picture: Reuters) Shares of the downtrodden Punjab Nationwide Financial institution plunged closely on Tuesday hitting the bottom stage since June 2016 after the fraud quantity additional escalated to Rs 12,700 crore. The second-largest PSU … Read more
The Punjab Nationwide Financial institution inventory erased all its good points right now submit announcement of recapitalisation of banks made on October 24, 2017 after it fell 16 p.c intra day on detection of a $1.77 billion fraud on Wednesday. The inventory misplaced Rs 8,368 crore in market capitalisation over the past two buying and … Read more
Mumbai: Punjab Nationwide Financial institution (PNB) tumbled 9.8 per cent on Wednesday after the financial institution reported fraudulent transactions of Rs 11,300 crore at a Mumbai Department. The scale of the fraud is equal to 31 per cent of the state-owned financial institution’s market worth of Rs 35,365 crore. Different public sector banks too tumbled … Read more
PNB (Punjab Nationwide Financial institution) shares worth plunged 12% Thursday The Punjab Nationwide Financial institution (PNB) shares plunged 11.97% on Thursday to shut at Rs 128.35, a day after the scrip misplaced practically 10% available in the market capitalisation after a colossal banking fraud was dropped at gentle. The fraud quantities to the tune of … Read more
CHENNAI: Shares of Punjab Nationwide Financial institution fell 8.5% intra-day on Wednesday, a three-month low, after the public-sector lender advised the BSE {that a} $1.8billion fraud had been detected on the financial institution. Punjab Nationwide Financial institution shares closed at Rs 161.65 Tuesday with a market cap of Rs 40,897 crore on the BSE. By … Read more
By Devidutta Tripathy, Rajendra Jadhav MUMBAI (Reuters) – India’s Punjab Nationwide Financial institution (PNB) has detected fraudulent transactions value $1.77 billion at a single Mumbai department in a case that would have an effect on extra banks and lift recent questions on lending procedures at Indian banks mired in soured debt. PNB, India’s second-largest state-run … Read more