State-owned Punjab National Bank (PNB) has received the approval of board of directors to raise Rs 3,000 crore by various ways, including follow on public offer or rights issue. The company’s board gave approval for the same at its meeting held on August 1, 2017.
PNB has called an extra ordinary general meeting of the shareholders on September 12 for their approval to raise the equity capital.
Punjab National Bank (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.
