The stock tanked to a fresh 52-week low of Rs 74.30 on BSE and is now at Rs 75.50, down 12.2% from its previous close.
The lender said the liabilities on account of LOUs/FLCs, which became due up to March 31 amounting to Rs 6586.11 crore have been paid by the bank on the Undertaking of concerned banks.
On Wednesday, the Central Bureau of Investigation (CBI) filed the second charge sheet in connection with the Punjab National Bank (PNB) fraud case.
The names included Nirav Modi, his brother Nishal Modi, three companies - Diamond R US, Solar Exports, Stellar Diamond and seven employees of these companies Hemant Bhat, Vipul Ambani, Arjun Patil, Kavita Mankikar, Miten Pandya, Manish Bosamiya, and Subhash Parab.
In addition, three companies of Choksi - Gitanjali Gems Ltd, Gili India Ltd and Nakshatra Brands Ltd - have also been made accused in the charge sheet filed before a special CBI court in Mumbai, officials said.
"Their capital is very low, and a bank needs it to sustain growth", said Yuvraj Choudhary, an analyst at Mumbai brokerage Anand Rathi, who said PNB's reported loss was more than triple his estimate, calling it a "major concern".
Incidentally, BDO India LLP, the firm engaged by PNB to conduct a forensic investigation into the fraud committed by Modi and his companies, has also shared its findings with the USA bankruptcy court.
"After including outstanding amounts under other credit facilities to the above entities, the amount involved now works out to be Rs 14,356.84 crore", PNB said. At that time, Ms Ananthasubramian sent a report saying there was no such fraud taking place at PNB, leading to suspicion against her. It will also need to make higher provisions for non-performing assets following a Reserve Bank of India (RBI) diktat on quick recognition of bad debts that has adversely affected the results of other lenders as well. "The total fraud is worth Rs 13,500 crore, out of which Choksi through his companies has cheated the bank of Rs 7080.86 crore".
To ensure proper checks and balances, PNB has gone for a four-way split for loan operations and created a focused off-site centre for monitoring all foreign exchange businesses.
She said: "Three times in less than a decade, the government has been forced to intervene in the East Coast rail franchise". Stagecoach and Virgin Trains got their bid wrong and they are now paying the price.
Depending on vehicle, the 48V battery will be located beneath the boot floor, minimising the impact on vehicle practicality. The all-new third-generation Kia Ceed will be the second among a range of Kia models to offer the new powertrain from 2019.
Parents who teach their own children can register as a private school but the state does not approve, monitor or inspect them. He told KCRA-TV from Solano County Jail on Tuesday that the children have been brainwashed into thinking they were abused.
BT Sport are to show the UEFA Champions League final between Real Madrid and Liverpool live and free online. BT Sport will make the Uefa Champions League final later his month available free to watch online.
The decision is a victory for campaigners against the excesses of the gambling industry, including a number of Christian groups. The new rules for the popular electronic casino-style games, like roulette and bingo, followed a government review.
In his financial discloser form, Trump has listed assets of at least Dollars 1.4 billion and income of more than USD 452 million. The president's tax returns would give a clear picture, but Mr Trump has broken with tradition by refusing to make them public.
According to statistics, there are, currently, there are 20,000 people who travel between India and North America every day. The "Wow basic" one-way fare includes all taxes but excludes meals and check-in baggage, said an NDTV report quoting PTI .
It was the second time the year-old TFTC came together to announce sanctions on groups they call threats to regional peace. Recall that Saudi Arabia and its allies recognized the "Hezbollah" terrorist organization in 2016.
O'Neill was in the stands alongside Roy Keane as the u17s took on the Netherlands in the quarter-finals European Championship. It was a moment that had social media collectively aghast and head scratching . "The new u15 and u13 Nat.
Weir Group (WEIR) Stock Rating Reaffirmed by Deutsche Bank
It turned negative, as 59 investors sold BX shares while 154 reduced holdings. 101 funds opened positions while 349 raised stakes. Glenview National Bank Tru Dept invested in 7,000 shares or 0.25% of the stock. 74,535 were reported by Pinnacle Assocs Limited.
Chrissy Teigen & John Legend welcome Baby No 2!
Model Chrissy Teigen and her husband, singer John Legend , welcomed their second child in mid-May. We're so happy he's finally here, guys! " Luna , what's in here", Teigen asked her daughter.
Yanny or Laurel? Why people hear different words
Houde added that making quick-fire, perceptual decisions about the words and sounds we hear all day is how we get through life. Everything from the speakers or headphones your using, to your computer's soundcard can effect which frequencies get though.
Amazon Alexa developers get eight new voices
It will give skills more varied personalities, which should lead to a richer experience - or at least that's the idea. Amazon Polly will allow developers to integrate these voices into their Alexa skills and help make them more engaging.
Ford to restart F-150 production Friday
In between, the Ford team received a United Kingdom import license for the die - two hours before the plane touched down. Ford has said its financial results for the second quarter will take a hit, though the exact cost remains to be seen.
Indore tops clean city list, Bhopal 2nd
If you are wondering which are the "worst-performing cities", in terms of cleanliness, then you have to wait for a while. The Municipal Council of New Delhi bagged the award for the cleanest among cities with a population of 1 lakh to 3 lakh.