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PNB to get Rs 5908 crore of capital infusion from govt

21 Feb 2019 Evaluate

The Government of India has decided to infuse capital of Rs 5908 crore in Punjab National Bank (PNB). Regarding this, the meeting of Board of Directors of the Bank is scheduled to be held on February 26, 2019 for considering infusion of Rs 5908 crore by Government of India by way of preferential issue of Equity share.

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 940.10
PNB 115.75
Bank Of Baroda 234.20
Canara Bank 117.50
Union Bank Of India 171.55
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