Canara Bank Shares Tumble Over 5% As CBI Charges Ex-MD In Rs 68 Crore Fraud

Shares of Canara Bank on Tuesday plunged over 5% as the Central Bureau of Investigation on Monday charged ex-MD RK Dubey and other two senior officials of Canara Bank in the alleged loan default case of over Rs 68 crore. 
The stock of Canara Bank dived as much as 5.37% to a day’s low of Rs 250 on NSE on Tuesday. Recently last week on 12 March, shares of Canara Bank hit a 19-month low of Rs 225.2. The stock of Canara Bank touched a low of Rs 223.65 on 8 August 2016. The CBI has slapped charges of criminal conspiracy, cheating, forgery and provisions of the Prevention of Corruption Act on the then CMD R K Dubey, then executive directors Ashok Kumar Gupta and V S Krishna Kumar, and two directors of the Occasion Silver Pvt Ltd Kapil Gupta and Raj Kumar Gupta, besides the company, PTI reported citing a CBI charge sheet. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774