PNB SHARES PLUNGE BY 10%

Hindustan Times (Jalandhar) - - FRONT PAGE -

Shares of PNB plunged 10% after the state-run bank de­tected the fi­nan­cial fraud. Other PSU banks were un­der pres­sure too and fell by up to 8% after the Re­serve Bank of In­dia (RBI) came out with new norms for recog­nis­ing stressed as­sets. The stock of PNB set­tled at ₹145.20 on the NSE, a slump of 10.29% from its pre­vi­ous close. Dur­ing in­tra-day trade, the scrip had touched a low of ₹145.15. Sim­i­lar move­ment was wit­nessed on the BSE, as the scrip closed 9.81% lower at ₹145.80. It had opened at ₹160 and soon touched an in­tra-day low of ₹144.70.

PTI

The stock of PNB set­tled at ₹145.20 on the NSE.

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