Shares of Punjab National Bank declined in Monday's trade by as much as 2.8% to Rs. 62.60 as against previous session's close of Rs. 64.45 per share on the NSE.
PNB's Shares Fall After Lender Under Reports Bad Loans
The decline has come as the public sector lender has under-reported its bad loans or NPAs by Rs. 2617 crore for the FY19. So, accordingly its net loss for FY 2018-19 would trend higher to Rs. 11,335.90 crore as against a reported net loss of Rs. 9975.49 crore.
The bank reported divergence in the provisioning of bad loans to Rs 2,091 crore in accordance with the risk assessment report of the RBI.
Last the stock of Punjab National Bank quoted at Rs. 63.55, down Rs.0.90 or 1.40%.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google