New Delhi, Feb 19 (PTI) Bank stocks continued to face selling pressure today with many hitting their 52-week lows amid concerns over the alleged Rs 11,400 crore PNB fraud case involving billionaire diamantaire Nirav Modi.Also Read - UK High Court Grants Nirav Modi Permission to Appeal Against Extradition to India on Mental Health grounds
Shares of UCO Bank plunged 11.26 per cent, those of Union Bank of India – 10.94 per cent, Allahabad Bank – 10.77 per cent, Bank of Baroda – 9.28 per cent, Syndicate Bank – 8.96 per cent and Bank of Maharashtra – 7.33 per cent on BSE. Also Read - Mehul Choksi Gets Bail by Dominican Supreme Court, Can Travel Back to Antigua
Among others, State Bank of India lost 5.57 per cent, Corporation Bank 3.32 per cent and AXIS Bank 1.71 per cent. Also Read - PNB Loan Case: Nirav Modi's Sister Remitted Rs 17.25 Crore From UK Account To Indian Govt, Says ED
Almost, all public sector lenders saw prices of their stocks tumble last week after the alleged PNB fraud came to light.
This is published unedited from the PTI feed.