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PNB gets nod to raise fund through various instruments

28 Sep 2017 Evaluate

Punjab National Bank (PNB) has received its board’s approval to raise Common Equity Tier Capital upto Rs 5000 crore as per Basel III requirements. The company’s board also approved raising Basel III Compliant Debt instrument - Perpetual Additional Tier I Capital bonds to the extent of Rs 3000 crore.

Further, the board has approved to raise Tier - II bonds up to Rs 3000 crore subject to availability of headroom in one or more tranches. The company’s board gave approval for the same in its meeting held on September 27, 2017.

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.

PNB Share Price

107.20 -1.95 (-1.79%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1019.55
PNB 107.20
Canara Bank 134.35
Bank Of Baroda 264.05
Union Bank Of India 166.15
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