Tag: PNB Shares

Shares of PNB slipped after RBI flags under-reporting of NPAs

Shares of PNB slipped 0.85 per cent to close at Rs 63.90 on the BSE and on the NSE the stock declined 1.01 per cent to settle at Rs 63.80.

December 16, 2019

PNB shares plunge 14% after Q4 loss, Jefferies suggests bailout

Shares of multi-crore fraud hit Punjab National Bank (PNB) slumped around 14 per cent (intra-day) on Wednesday, a day after the bank reported a loss of over Rs 13,000 crore for the fourth quarter of 2017-18. Looking at the bank’s Q4 earnings, financial services company Jeferries said in a report that “the need for a …

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May 16, 2018

PNB shares plunge over 30% in 8 trade sessions

During the eight trading sessions following the detection of a $1.8 billion fraud in one of the branches of the Punjab National Bank (PNB), the bank’s shares on the BSE have plunged almost 30 per cent to a price of Rs 113.40 per share. On Friday — the eight trading day since the unfolding of …

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February 23, 2018

PNB detects fraud of over Rs 11K crore in a single branch, stocks tank

Punjab National Bank (PNB), the second largest public sector bank in India, has detected a $1.8 billion fraud in one of its branches here, the bank said in a regulatory filing to the stock exchanges on Wednesday. “The bank has detected some fraudulent and unauthorised transactions (messages) in one of its branches in Mumbai for …

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February 15, 2018