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Punjab National Bank raises Rs 1,500 crore through bonds

03 Mar 2017 Evaluate

Punjab National Bank (PNB) has raised Rs 1500 crore Additional Tier I (Basel III Compliant) Capital Bonds at a coupon rate of 8.95% p.a., payable semi - annually on private placement basis.

The Bank has posted over four-fold jump in its net profit at Rs 207.18 crore for the quarter ended December 31, 2016 as compared to Rs 51.01 crore for the quarter ended December 31, 2015. Total income of the Bank increased by 4.37% at Rs 14497.65 crore for Q3FY17 as compared Rs 13891.20 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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