PNB's 5-day market cap loss nearly equals â¹11,400 cr fraud
The five-day loss in the market capitalisation of Punjab National Bank (PNB) has nearly equalled the â¹11,400-crore fraud linked to jewellers Nirav Modi and Mehul Choksi. The bank's shares have fallen nearly 28% since February 14, wiping out almost â¹11,000 crore from the company's market value. At present, PNB has a market capitalisation of â¹28,270 crore.