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.
For entire interview, watch accompanying video.
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