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ICRA upgrades PNB's bonds rating

21 Nov 2020 Evaluate

Credit rating agency -- ICRA has upgraded Punjab National Bank’s (PNB) Basel III Compliant Tier II Bonds, Infrastructure Bond and Basel II Compliant Lower Tier II Bonds at AA (Stable) from AA- (Stable). ICRA has reaffirmed the rating of Certificate of Deposits at A1+.

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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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