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PNB gets approval to issue NCDs upto Rs 8,000 crore

16 Mar 2018 Evaluate

Punjab National Bank’s (PNB) board has approved issuance of Non-convertible secured/unsecured debentures (NCDs) aggregating upto an amount Rs 8,000 crore in tranches. The Bank’s board meeting was held on March15, 2018 and approved the same.

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 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
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