Punjab National Bank (PNB) has raised Rs 2000 crore through Basel III Compliant Additional Tier-I Bonds on private placement basis. The bank has allotted 2000, 8.40% Unsecured, Subordinated, Non-Convertible, fully paid-up, Taxable, Basel III Compliant Additional Tier I Bonds which will qualify as Tier I Capital (the Bonds) of Rs 1 crore each.
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.
