PNB has informed about Board of Directors of the Bank in its meeting held on 27.09.2017 accorded approval for raising Common Equity Tier Capital up to Rs 5000 Crore as per Basel III requirements and for raising 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 above information is a part of company’s filings submitted to BSE.