Punjab National Bank Lost Around 9 Percent Intraday On Tuesday

Punjab National Bank lost around 9 percent intraday on Tuesday as investors reacted to a clarification on the amount of scam.

The state-run bank said the amount of fraudulent transactions could be Rs 1,300 crore more than the current estimate of about Rs 11,400 crore.

The latest announcement from the public sector lender assumes significance against the backdrop of the probe going on into the Rs 11,400 crore scam, which is already one of the biggest in the Indian banking sector.

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