Punjab National Bank (PNB) has raised Rs 3000 crore through the allotment 7.43% Unsecured, subordinated, non-convertible, fully paid-up, redeemable, taxable, Basel Ill compliant bonds on private placement basis. The non-convertible taxable bonds will qualify as Additional 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.
