PNB shares fall 3 percent after Crisil places bonds on rating watch
Updated : December 18, 2019 02:31 PM IST
The stock touches a low of Rs 62.70 as compared to the previous close of Rs 64.70 on the BSE.
The rating action has been done on account of the announcements made by the government with respect to the proposed amalgamation of public sector banks.
United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank to become the second-largest public sector bank.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more