 "PNB")
Punjab National Bank (PNB) is no longer in the list of India’s top-100 most valued companies/banks in terms of market capitalisation (market-cap) after a stock price of the bank declined 31% in past one week.
In the backdrop of discovered some fraudulent and unauthorized transactions amounting to Rs 114 billion ($1.8 billion) last week, the public sector lender market-cap stood at Rs 272 billion on Tuesday at 11:55 am, which put it in the 108th position, the BSE data shows.
In past five trading days, PNB has saw a market-cap erosion of Rs 120 billion from Rs 392
In the backdrop of discovered some fraudulent and unauthorized transactions amounting to Rs 114 billion ($1.8 billion) last week, the public sector lender market-cap stood at Rs 272 billion on Tuesday at 11:55 am, which put it in the 108th position, the BSE data shows.
In past five trading days, PNB has saw a market-cap erosion of Rs 120 billion from Rs 392
