Tag: PNB shares Q4

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