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PNB informs about outcome of board meeting

28 Sep 2017 Evaluate

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.

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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