Indian shares fall, lenders drag after $1.77bn bank fraud

MUMBAI: Indian shares ended lower on Monday, with sentiment hurt as state-run lenders extended losses over worries about a $1.77 billion fraud disclosed by Punjab National Bank last week that has a bearing on some other banks.

The benchmark BSE index closed down 0.69 percent at 33,774.66.

The broader NSE index ended 0.71 percent lower at 10,378.40.

Punjab National Bank fell for the fourth straight day and closed 8.3 percent lower.