Punjab National Bank (PNB) has raised funds to the tune of Rs 1,500 crore through Additional Tier - I (Basel III Compliant) Capital Bonds at a coupon of 8.98% per annum on private placement basis.
Punjab National Bank 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.