Punjab National Bank (PNB) has received an approval for raising funds through Additional Tier-1 Basel-III compliant perpetual Bonds amounting up to Rs 3000 crore in one or more tranches. The bank's board of directors at its meeting held on September 26, 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.
