Punjab National Bank (PNB) is planning to raise Rs 3,200 crore from share sale during the current quarter (Q4FY21) to enhance its capital base. The bank has raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 percent to 76.87 percent.
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.
