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Crisil Ratings assigns ‘AA/Stable’ rating to PNB’s Rs 2,500 crore Tier I Bonds

03 Dec 2021 Evaluate

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.

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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