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.