Fraud-hit PNB faces dilemma over revealing price-sensitive information

On February 11, the bank said it had detected "fraudulent and unauthorised transactions" worth $1.78 billion

The ongoing events at Punjab National Bank (PNB) have put the state-owned lender in a problem regarding revealing price-sensitive information.
 
The challenge before the management is ensuring simultaneous disclosure of key information to stock exchanges and investigating agencies. Given the turn of recent events, the bank has not been able to disclose all developments in a uniform manner. On February 5, PNB informed the stock exchanges that it "has come across a suspected fraud involving one branch, wherein certain irregularities have been observed on account of people risk." Initially, the bank said the amount involved was only Rs 2.8