Moody's Investor Service has affirmed Punjab National Bank’s (PNB) long-term local and foreign currency deposit ratings at Ba1 and its Baseline Credit Assessment (BCA) at b1. The rating outlook has been changed to stable from positive.
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.
