Shares of Punjab National Bank hit over a 1-year low and extended their fall for a fourth straight session following the ~Rs11,600cr fraud at one its Mumbai branches.UCO Bank, in its filing on BSE, reported an exposure of ~Rs2, 633cr in the Punjab National Bank fraud case. UCO Bank’s Hong Kong branch has been negotiating export documents against letters of credit issued through authenticated SWIFT messaging by Punjab National Bank.
Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
No comments:
Post a Comment