Punjab National Bank (PNB) is planning to raise Common Equity Tier Capital up to Rs 5,000 crore as per Basel III requirements. The Board of Directors of the bank will meet on September 27, 2017 for the same.
Recently, in a bid to fund business growth, the bank was seeking shareholders’ approval to raise equity capital of up to Rs 3,000 crore.
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.
