Top Bank Stocks to Watch: These companies’ shares will be in limelight during trade on Monday based on latest updates:
PNB: The stock plunged 19% during the week after the bank reported a USD 1.77 billion fraud at a Mumbai branch. PNB is looking to monetize real estate assets in Delhi worth over Rs. 5,000 crore. Meanwhile, shares of Gitanjali Gems group companies plunged 36% during the week. PNB has filed FIR related to instruments worth of Rs 4,887 crore issued to Gitanjali Group units.
UCO Bank: UCO Bank has said that the Bank has exposure about Rs 2636 crore in the Rs 11,400 crore PNB fraud committed by billionaire jeweller Nirav Modi & his associates.
Allahabad Bank: Allahabad bank has reported an exposure of about Rs 2,000 crore.