Shares of Union Bank of India declined more than 3 percent intraday after the lender said it has an exposure of Rs 1,900 crore to the PNB fraud case.
"We wish to inform you that the bank through our foreign branches has been taking exposure with Punjab National Bank as counterparty under various Letters of Undertakings issued through authenticated SWIFT message," Union Bank of India said in late night filing to stock exchanges.
"We wish to inform you that the bank through our foreign branches has been taking exposure with Punjab National Bank as counterparty under various Letters of Undertakings issued through authenticated SWIFT message," Union Bank of India said in late night filing to stock exchanges.
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