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Punjab National Bank raises Rs 974 crore on private placement basis

28 Mar 2023 Evaluate

Punjab National Bank (PNB) has raised Rs 974 crore through 8.75% Non-Convertible, Taxable, Perpetual Subordinated, Unsecured, Fully Paid-Up Basel III Compliant Additional Tier I Bonds of Rs 1 crore each on private placement basis which will qualify as Tier I Capital.

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 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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