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Punjab National Bank tanks 10% on another fraud case
Highlights
Two days after the Punjab National Bank (PNB) said that it had been defrauded by Bhushan Power & Steel Ltd (BPSL) to the tune of Rs 3,805.15 crore, its scrip fell by over 10 per cent on Monday.
Mumbai: Two days after the Punjab National Bank (PNB) said that it had been defrauded by Bhushan Power & Steel Ltd (BPSL) to the tune of Rs 3,805.15 crore, its scrip fell by over 10 per cent on Monday.
At 10.43 a.m., PNB shares were trading at 73.95 apiece, down 9.54 per cent before hitting an intra-day low of 73.15 a share.
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