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The Nifty PSU Bank index was trading 2.4% down at 3,039 with all components in the red.After opening in the green, Nifty50 turned negative with PSU Banking Sector dragging the index the most, declining 2.4%.
The Nifty PSU Bank index was trading 2.4% down at 3,039 with all components in the red.
PNB says that quantum of reported unauthorized transactions can increase by $204.25 mn (~Rs1,300cr). These frauds would propel bank to make higher provisions in the coming period which would dent its profitability.
The other major losers include Bank of India (-2.7%) and Union Bank of India (-2.4%). Other majorly hit sectoral indices include Realty Sector (-0.81%) and Financial Sector (-0.75%).
Punjab National Bank is currently trading at Rs102.35 down by Rs9.55 or 8.53% from its previous closing of Rs111.90 on the BSE. The scrip opened at Rs107.80 and has touched a high and low of Rs107.80 and Rs102.10 respectively.
State Bank of India is currently trading at Rs269 down by Rs5.75 or 2.09% from its previous closing of Rs274.75 on the BSE. The scrip opened at Rs273.95 and has touched a high and low of Rs275.85 and Rs268.40 respectively.
Bank of Baroda is currently trading at Rs141.50 down by Rs2.25 or 1.57% from its previous closing of Rs143.75 on the BSE. The scrip opened at Rs143.50 and has touched a high and low of Rs143.95 and Rs138.25 respectively.
IDBI Bank Ltd is currently trading at Rs77.15 down by Rs1.75 or 2.22% from its previous closing of Rs78.90 on the BSE. The scrip opened at Rs78.30 and has touched a high and low of Rs79.85 and Rs76.50 respectively.
Canara Bank is currently trading at Rs303.45 down by Rs6.6 or 2.13% from its previous closing of Rs310.05 on the BSE. The scrip opened at Rs307.90 and has touched a high and low of Rs308.55 and Rs302 respectively.
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