Punjab National Bank (PNB) is planning to raise capital through issuance of Basel-III Compliant Additional Tier-1 Bonds and/or Tier-2 Bonds or combination thereof, in one or more tranches for FY 2022-23. The meeting of the board of directors of the bank is scheduled on March 29, 2022 to consider and approve the same.
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.
