Punjab National Bank (PNB) has received approval for capital infusion of Rs 2816 crore by Government of India for preferential allotment of equity shares of Bank at a price determined in terms of SEBI (ICDR) Regulations. The meeting of the Board of Directors of the company held on August 6, 2018 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.
