Punjab National Bank (PNB) has raised Rs 1000 crore via issue of long term bonds at an annual coupon of 8.23% on private placement basis through five arrangers on February 09, 2015.
Recently, the bank registered a rise of 2.54% in its net profit at Rs 774.56 crore for the quarter under review as compared to Rs 755.41 crore for the same quarter in the previous year. Total income of the bank increased 8.24% at Rs 12904.85 crore for Q3FY15 as compared Rs 11922.3 crore for the corresponding quarter previous year.
With more than 120 years of strong existence and 6081 total branches including 5 foreign branches, 6940 ATMs as on Mar’14, Punjab National Bank is serving more than 8.9 crore esteemed customers. PNB, being one of the largest nationalized banks, has continued to provide prudent and trustworthy banking services to its customers. The Bank enjoys strong fundamentals, large franchise value and good brand image.
