Currently, the market cap of PNB Housing stands at Rs21,122.08 crore, while PNB has Rs20,856.13 crore in market cap
Mumbai: The state-run lender Punjab National Bank (PNB) is trading at a discount to its housing finance subsidiary PNB Housing Finance Ltd for the first time after the former’s market capitalisation was eroded on back of huge losses in the March quarter during which the $2 billion fraud was discovered.
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