Gold Silver Reports (GSR) – Punjab National Bank Falls On Rating Downgrade – Shares of the Delhi-based government-owned bank fell as much as 3.7 percent, most in two weeks to Rs 101.30 after Fitch Ratings downgraded the viability rating of Punjab National bank to ‘BB-’ from ‘BB’. The rating agency said it expects the losses from the Rs 13,000 crore fraud to affect the bank’s financials.
