Punjab National Bank launched a QIP to raise up to ₹5,000 crore, with an indicative price set at ₹103.75 per share. The base deal size is ₹2,500 crore, with the potential to be upsized to ₹5,000 crore based on demand. The stock slumped by 3.6% to hit an intraday low at ₹107.60 on Tuesday.