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.