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Punjab National Bank raises Rs 500 crore through Tier-2 Bonds

03 Apr 2014 Evaluate

Punjab National Bank (PNB), the country’s largest lender has raised Rs 500 crore Capital through Tier-2 (Basel III compliant) Bonds on April 03, 2014. Earlier, the bank had raised Rs 1000 crore Capital through Tier II (Basel III Compliant) Bonds.

Punjab National Bank has reported 42.14% fall in its net profit at Rs 755.41 crore for third quarter ended December 31, 2013 as compared to Rs 1305.62 crore for the same quarter in the previous year. However, total income of the bank has increased by 3.68% at Rs 11922.30 crore for quarter under review as compared to Rs 11499.27 crore for the quarter ended December 31, 2012.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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