IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

An Event Study on the Effect of PNB Scam on Banking Stock Prices

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Dr. Nirmala Sawan, Dr. Navneet Kaur Bhatia, Ms Poonam Mangwani, Mr Himanshu Shrivastava

Abstract

The stock market has become a crucial aspect of banks' earnings and growth, with any changes in a bank's operations having an impact on its stock price. This sensitivity is due to investors making rational decisions based on trends and public information. This study aims to examine the effect of the PNB Scam, a significant fraud case, on banking stock prices in both the short and long run. Using secondary data from 41 banks listed on the BSE Sensex, the study analyzes the stock prices in the aftermath of the scam.

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