PNB SHARES PLUNGE BY 10%
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.
▪ The stock of PNB settled at ₹145.20 on the NSE.