The bank, which has been allowed by the Reserve Bank of India (RBI) to spread the fraud-related provisions over four quarters, said it would set aside the remaining money over the three quarters beginning 1 April.
The bank's stock tanked 12.15 per cent to end at Rs 75.55 on Wednesday.
The agency also named PNB Executive Directors K.V. Brahmaji Rao and Sanjiv Sharan, and General Managers Nehal Ahad (who dealt in worldwide operations) and Rajesh Jindal in its chargesheet filed in a special CBI court here. Bank will make payments to the concerned banks on the due dates of LOUs/FLCs.
Since these two executive directors did not attend today's board meeting to consider and approve the fourth quarter financial result, so their signatures are not on the annual financial results.
The CBI on Monday filed its first chargesheet in the PNB fraud case detailing the roles of Nirav Modi, his brother Nishal Modi and Subhash Parab, an executive in Nirav Modi's company. At that time, Ms Ananthasubramian sent a report saying there was no such fraud taking place at PNB, leading to suspicion against her.
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With only 2 months left from the examination, further changes introduced in its eligibility criteria has added fuel to this fire. PCB regular for two years Aspirants must have studied PCB regular for two years in order to be eligible for the examination.
The bank on Tuesday posted largest ever quarterly loss of Rs 13,416.91 crore for January-March period, mainly on account of high provisioning for bad loans.
PNB, which raised 50 billion rupees from a share sale in December and has received almost 55 billion rupees from the government as part of a $32 billion bank recapitalisation programme, has said it is adequately capitalised for now. "After including outstanding amounts under other credit facilities to the above entities, the amount involved now works out to Rs 14,356.84 crore", the bank said in its notes to accounts.
The m-cap of PNB Housing Finance stood at Rs 21,265.20 crore on May 16 compared with PNB's Rs 20,856.10 crore.
An analyst with a private brokerage firm who did not wish to be identified said the loss reported may vary depending on the decision of the bank management on whether to spread the impact of the bond losses and gratuity expenses across quarters or provide for the same in entirety in the March quarter.
To ensure proper checks and balances, PNB has gone for a four-way split for loan operations and created a focused off-site centre for monitoring all foreign exchange businesses.