PNB posts largest ever Indian bank loss
May 17, 2018-Shares in fraud-hit Punjab National Bank plunged more than 12 percent on Wednesday after it posted the largest ever quarterly loss for an Indian lender.
PNB said on Tuesday it had incurred a record 134.17 billion-rupee net loss for the January-March quarter, having posted a 2.62 billion-rupee profit in the same period last year.
Shares in the firm plummeted 12.21 percent to 75.50 rupees on the Bombay Stock Exchange’s Sensex index shortly after opening Wednesday. (AFP)
Published: 17-05-2018 08:03