Shares of the state-run lender Punjab National Bank dropped nearly 6% after the bank said it has detected some fraudulent transactions in one of the branches in Mumbai while Bank of India shares tanked over 4% post Q3 results. The stock of India’s largest bank State Bank of India also declined about 2%. Shares of PSB (public sector banks) witnessed a major decline on Wednesday after the negative earnings reported by major PSU banks with Bank of India down 4%. The stock of Bank of India shed emerged as one of the major losers among the Nifty PSU Bank index. Following a decline in almost all the components of Nifty PSU Bank, the index slipped more than 2% to 3,394.4. For More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774Tuesday 13 February 2018
PNB Drops Nearly 6% On Fraud Transactions News, Nifty PSU Bank Down 2%
Shares of the state-run lender Punjab National Bank dropped nearly 6% after the bank said it has detected some fraudulent transactions in one of the branches in Mumbai while Bank of India shares tanked over 4% post Q3 results. The stock of India’s largest bank State Bank of India also declined about 2%. Shares of PSB (public sector banks) witnessed a major decline on Wednesday after the negative earnings reported by major PSU banks with Bank of India down 4%. The stock of Bank of India shed emerged as one of the major losers among the Nifty PSU Bank index. Following a decline in almost all the components of Nifty PSU Bank, the index slipped more than 2% to 3,394.4. For More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774
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