Punjab National Bank (PNB) is planning to raise up to Rs 3,000 crore by way of follow on public offer, rights issue or QIP. The board of directors of the bank will meet on August 1, 2017, for considering raising capital up to a total of Rs 3,000 crore by way of equity issue (follow on public offer/qualified institutions placement/rights issue).
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.