The stock gained up to 6.9% to 204.50 on the BSE. The large cap stock has gained after three days of consecutive fall and opened with a gain of 2.74% at 196.55. It is the top Sensex and Nifty gainer today.  On Nifty, the stock rose 5.71% to 201.90.

Both benchmark indices - Sensex and Nifty - recorded their third straight weekly gains by rising 298.61 points and 97 points, respectively.

The stock has been losing for the last 3 days and has fallen 11.59% in the period. The large cap stock opened at a loss of 2.65% at 200.55 on BSE. The stock is trading below its 50-day and 200-day moving average of 213.78 and 316.58.

The stock fell up to 6.67% to 207.65  in early trade compared to its previous close of 222.50 on the BSE. At 9:48 am, the stock was trading 6% lower at 209.20.

The bank further said that it would in due course announce the appointment of a chairman after approval of the Reserve Bank of India.

The real blame game began with the $2 billion PNB-Nirav Modi scam when the RBI was blamed for being a sleepy regulator while the fugitive perpetrated the fraud for 7 long years under its nose.

The stock fell to 168.60 intra day down 15% from its previous close of 198.35 on the BSE. It fell nearly 2 points short of reaching its 52-week low of 166.15 hit on September 28, 2018.