Punjab National Bank (PNB) has received an approval for Bank's participation in the proposed Rights Issue of PNB Housing Finance (PNBHFL) for an amount upto Rs 500 Crore, in order to retain Bank's shareholding at 30% or below but above 26%, and to retain its status as Promoter. The Board of Directors 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.
