Crisil Ratings has assigned ‘AA/Stable’ rating to Punjab National Bank’s (PNB’s) Rs 2,500 crore Tier I Bonds (Basel III). The rating agency has also reaffirmed its Ratings on Bank's Tier I Bonds (Basel III) at ‘AA/Stable', Perpetual Tier- I Bonds (Basel II), Tier II Bonds (Basel III), Lower Tier-II Bonds (Basel II), Upper Tier II Bonds (Basel II) & Infrastructure Bonds at ‘AA+/Stable’ and 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.