Punjab National Bank Customers Allege Rs 35 Crore Fraud, Several PSB Employees Suspended
Punjab National Bank is in focus.
· NDTV Profit
Police said the management suspended several bank employees, including the branch manager and registered a case at the Beta-2 police station, which has jurisdiction over the bank branch. The bank management assured authorities that it would address the account holders' complaints, they said.
The analysis
Punjab National Bank reported Rs 35 Crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.8% on the day at ₹120.31, and has returned +7.8% over three months. It sits 9% below its 52-week high. The banks sector has moved -6.5% over the same period, so Punjab National Bank is running 14.3 points ahead of its peers.
For Punjab National Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: Punjab National Bank (PNB), in Banks.
- Over three months: Punjab National Bank +7.8% against Banks -6.5% (14.3 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Punjab National BankPNB · Banks | ₹120.31 | -0.8% | +6.8% | +7.8% | -9.1% | 0.4× | — |
Banks
1M -3.0% · 3M -6.5%
Punjab National Bank
Prices as of 28 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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