PNB loses â¹3,800 crore m-cap after it finds â¹11,000 cr fraud
Punjab National Bank's market capitalisation fell by more than â¹3,800 crore on Wednesday after the bank detected fraudulent transactions worth over â¹11,300 crore at a Mumbai branch. The bank is currently valued at â¹35,365 crore after its shares fell nearly 10%. The CBI is investigating billionaire jeweller Nirav Modi and his firms in relation to the fraud transactions.