PNB stocks nosedive after reports of further unauthorised transactions
Tuesday - February 27, 2018 3:12 pm ,
Category : BUSINESS
PNB stocks nosedive after reports of further unauthorised transactions
Mumbai Feb 27 (IANS) 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 had fallen even lower during the intra-day trade to Rs 96.10 per share.
In an 11.22 p.m. late night filing with the stock exchanges on Monday the bank said: "In continuation to our filing with stock exchanges on February 14 2018 we have to inform that quantum of reported unauthorised transactions can increase by $204.25 million."
--IANS
ag/dg
