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Scam Effect: PNB Shares Continue to Slide
February 22, 2018
Since the day the $1.77 billion fraud with the public sector Punjab National Bank (PNB) made it to the headlines, the lender’s shares are falling on a constant basis.
This Friday, PNB’s shares fell by 3.8% for the third time in a row on BSE. In the previous two sessions, they had slid by nearly 20%.
According to media reports, the central bank has asked the bank to pay the entire amount of $1.77 billion to the counterparty lenders.
