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PNB to raise capital up to Rs 12000 crore through bonds
Mar-30-2023

Punjab National Bank (PNB) has received an approval for raising of capital for an amount up to Rs 12000 crore through Basel III Compliant AT-1/Tier II Bonds (AT-1 Bonds up to Rs 7000 crore and Tier- II Bonds up to Rs 5000 crore), to be raised in one or more tranches. The Board of Directors of the Bank in its meeting held on March 29, 2023 has approved the same.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

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