<p>Shares of Punjab National Bank on Friday tumbled nearly 7 per cent after the company said it has reported a fraud of Rs 3,688.58 crore in the non-performing asset account of Dewan Housing Finance (DHFL) to the RBI.</p>.<p>The stock plunged 6.73 per cent to Rs 34.60 on the BSE.</p>.<p>On the NSE, it tanked 6.73 per cent to Rs 34.60.</p>.<p>"A fraud of Rs 3,688.58 crore is being reported by the bank to the Reserve Bank of India (RBI) in the accounts of the company (DHFL)," PNB said in a stock exchange filing.</p>.<p>The bank has already made provisions amounting to Rs 1,246.58 crore, as per prescribed prudential norms, it added.</p>.<p>In November last year, RBI had sent the troubled mortgage lender for bankruptcy proceedings, making it the first financial services player to go to the National Company Law Tribunal for a possible debt resolution.</p>
<p>Shares of Punjab National Bank on Friday tumbled nearly 7 per cent after the company said it has reported a fraud of Rs 3,688.58 crore in the non-performing asset account of Dewan Housing Finance (DHFL) to the RBI.</p>.<p>The stock plunged 6.73 per cent to Rs 34.60 on the BSE.</p>.<p>On the NSE, it tanked 6.73 per cent to Rs 34.60.</p>.<p>"A fraud of Rs 3,688.58 crore is being reported by the bank to the Reserve Bank of India (RBI) in the accounts of the company (DHFL)," PNB said in a stock exchange filing.</p>.<p>The bank has already made provisions amounting to Rs 1,246.58 crore, as per prescribed prudential norms, it added.</p>.<p>In November last year, RBI had sent the troubled mortgage lender for bankruptcy proceedings, making it the first financial services player to go to the National Company Law Tribunal for a possible debt resolution.</p>