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PNB planning to raise upto Rs 6000 crore in one or more tranches

27 Sep 2017 Evaluate

Punjab National Bank (PNB) is planning to raise Basel III Compliant Debt instrument - Perpetual Additional Tier I Capital bonds to the extent of Rs 3000 crore and Tier - II bonds up to Rs 3000 crore , subject to availability of headroom in one or more tranches. The board of directors at their meeting on September 27, 2017 will approve the same.

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.

Peers
Company Name CMP
State Bank Of India 940.40
PNB 116.05
Bank Of Baroda 235.00
Canara Bank 118.40
Union Bank Of India 172.65
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