Shares of PNB Housing Finance dropped today after National Housing Bank (NHB) has imposed a penalty of Rs 80,000 on the company for not complying with loan disbursement norms in 2015. However, the company has asked the regulator to reconsider the penalty.

The home loan disbursements were related to Pushpban and Chaitraban projects situated at a village in Pune, promoted and developed by DSK.

Shares of PNB Housing Finance  are trading at Rs 722, down Rs 15.25, or 2.07%  at the Bombay Stock Exchange (BSE) on Wednesday at 2:47 p.m.

The scrip has touched an intra-day high of Rs 774 and low of Rs 701.15. The total volume of shares traded at the BSE is 48,448.

Currently, the stock is trading down  21.54% from its 52-week high of Rs 924 and above 129.54% over the 52-week low of Rs 193.20.