Punjab National Bank (PNB) has been granted permission for raising capital through issuance of Basel III compliant Tier II Bonds amounting up to Rs 1,500 crore in one or more tranches. The Board of Directors of the Bank at its meeting held on June 19, 2019 has 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.
