PNB shares fall 6% after posting biggest loss by Indian bank
Shares of fraud-hit PNB fell 6.1% on Tuesday after it posted a loss of â¹13,417 crore in March quarter, the biggest-ever quarterly loss by any Indian lender. The bank reported a profit of â¹262 crore in the corresponding quarter last fiscal. As a percentage of total loans, gross bad loans rose to 18.38% as compared to 12.11% in previous quarter.