Synopsis: The company’s shares have fallen around 3 percent following its report to the RBI about the borrowing fraud committed by the erstwhile promoters, with fraud totalling Rs 2,343 crore.
The shares of the company which is one of the leading banking and financial services providers owned by the Government of India, are in focus after reporting financial fraud leading to increase in NPA.
With a market capitalization of Rs. 1,37,743 crore, Punjab National Bank’s shares on Monday opened to mark a day low of Rs. 116.25, down by 3.4 percent from its previous day’s closing price of Rs 120.35 per share. The share has given a return of 244 percent over the last 5 years.
Punjab National Bank, on December 26, 2025…