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Punjab National Bank informs about credit rating

25 Nov 2021 Evaluate

Punjab National Bank has informed that CARE Ratings vide its rating action dated 24.11.2021 has revised the ratings on Bank's Basel II Upper Tier II Bonds from 'CARE AA/Stable' to 'CARE AA+/Stable' and Basel III AT1 Bonds from 'CARE AA-/Stable' to 'CARE AA/Stable'. Further, it has reaffirmed the ratings on Infrastructure Bonds, Basel II Lower Tier II Bonds & Basel III Tier II Bonds at 'CARE AA+/Stable', Basel II Perpetual Bonds at 'CARE AA/Stable' and Certificate of Deposits at 'CARE A1+'. A copy of the rating report is enclosed as Annexure. The above information is submitted in compliance of Regulation 30 of SEBI (LODR) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.

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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