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.