The second largest bank in the country is PNB. At the same time, the bank's stock is continuously falling. The stock has fallen 10 percent in two days and 15 percent in three months. CNBC Awaaz's Managing Editor Anuj Singhal says that QIP has come at a low price and its effect is visible on the stock.

The price of the QIP was Rs 109. That is why the stock has declined. 

Apart from this, PNB had raised Rs 5,590 crore through two qualified institutional placements in FY21 and FY22. PNB's asset quality also continues to improve sharply, as recoveries and w-offs remain high. Thus the provision coverage ratio (PCR) improved further to 88 per cent, while the asset quality ratio also improved. Special Mention Account (SMA) overdue (with loans over Rs 5 crore) remained under control at 0.16 per cent of domestic loans, while the bank continues to guide strong recovery at 2x of slippage. Meanwhile, technical analysts at JM Financial Institutional Equities said that the BJP's victory for the third consecutive time in the 2024 Lok Sabha elections has failed to cheer the PSU sector, especially the banking sector. The PSU Bank index (NSEPSBK) fell from a high of 8,053 on June 3 to a low of 6,503 on September 11, representing a decline of nearly 19 per cent in 3.5 months.