Tag: PNB stocks

PNB stocks nosedive after reports of further unauthorised transactions

Following a late-night regulatory filing by Punjab National Bank (PNB) that upped the fraudulent amount involved in the Nirav Modi-engineered scam to Rs 12,600 crore, the bank’s shares nosedived in the bourses on Tuesday. PNB’s shares were trading at Rs 98.15 per share, down 12.29 per cent, at 3 p.m. in the BSE. The scrip …

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February 27, 2018

PNB stocks continue to slump, Gitanjali Gems plunges 20%

Extending losses for the third consecutive day, PNB’s shares slipped almost five per cent during the mid-afternoon trade session on Friday. Stocks of jewellery company Gitanjali Gems also plunged almost 20 per cent. The shares of Punjab National Bank (PNB) — the second largest public sector bank in India — started to decline after a …

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February 16, 2018