Punjab National Bank (PNB) has received approval for raising of capital for an amount up to Rs 12000 crore through issue of Basel III compliant AT-1 Bonds up to Rs 5500 crore and Tier II Bonds up to Rs 6500 crore, to be raised in one or more tranches. The board of directors at their meeting held on March 29, 2022 has approved 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.
