New Zealand Markets open in 7 hrs 32 mins

India closes bank branch at heart of fraud, shares slide

Indian investigators have closed down a branch of a state-run bank that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country's banking history. As Kate King reports it's left investors shaken, and wiped more than a quarter off Punjab National Bank's market value.