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Last Updated : Feb 23, 2018 08:20 AM IST | Source: CNBC-TV18

Care Ratings: Rating on various PNB instruments under watch

Care Ratings has put ratings of various instruments of Punjab National Bank (PNB) under review. In an interview to CNBC-TV18, Rajesh Mokashi, MD & CEO of the company spoke at length about PNB ratings.

CNBC TV18 @moneycontrolcom

Care Ratings has put ratings of various instruments of Punjab National Bank (PNB) under review. In an interview to CNBC-TV18, Rajesh Mokashi, MD & CEO of the company spoke at length about PNB ratings.

Mokashi said that Care Ratings rates two types of instruments. One is the so-called lower tier 2 or upper tier 2 and second is AT1.

He further said that the backing of the central government remain on these banks and PNB is among very large banks in the country.

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For entire interview, watch accompanying video.

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First Published on Feb 22, 2018 04:08 pm

tags #Business

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